MedPage Today May 23, 2024
— Medicare rates’ failure to keep up with inflation is especially damaging, doctors say
Two solutions to physicians’ private practice woes came up over and over during a House hearing Thursday: increasing physician payment rates and getting rid of prior authorization.
“One of the biggest things to keep us in business is just updating the [Medicare] Physician Fee Schedule so we can actually keep pace with the cost of running a practice,” said Timothy Richardson, MD, a urologist at a 12-physician practice in Wichita, Kansas, during a House Ways & Means Health Subcommittee hearing on the collapse of private-practice medicine. “Our employee overhead has gone up 30% in the last 2 years; our medical insurance goes up 10% to 20%...
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