Proposed Medicare payment cuts would exacerbate challenges physicians face

Medical Economics October 25, 2024
Lisa Harrison, Beth Mitchell, Todd Shryock

Key Takeaways

• Medicare’s proposed 2025 rule includes a 2.8% reduction in the physician fee schedule conversion factor, impacting physician reimbursement.
• Rising practice costs and inflation widen the gap between reimbursement and care delivery costs, threatening physician financial viability.
• Specialty providers are particularly vulnerable to reimbursement changes due to high therapy costs.
• The article advocates for annual payment increases for physicians to align with inflation, emphasizing the growing reliance on Medicare by older adults.

We do not believe that year-over-year cuts are the path to create a sustainable financial environment for physicians to be successful nor for patients to receive the best care – particularly at a time when more adults age 65 and older are increasingly relying on...

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