Medical Economics December 7, 2023
December meeting has two days of discussion planned.
The Medicare Payment Advisory Commission (MedPAC) convened Dec. 7 for its public meeting, with an opening round of discussion on 2024 recommendations.
The current draft Physician Fee Schedule (PFS) recommendations were:
- Congress should update the 2024 Medicare base payment rate by half of the projected increase in the Medicare Economic Index (MEI).
- The 2025 payment rate should be raised by half of the projected increase in MEI. The U.S. Centers for Medicare & Medicaid Services is forecasting a 2.6% increase in MEI for 2025, so if that forecast stays the same, the update would be 1.3%.
- Add-on payments for fee schedule services to low-income Medicare beneficiaries should be established. That includes...
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