Medical Economics February 23, 2024
Letter to leadership outlines bleak financial picture for doctors, possible decrease in care for patients.
At least 32 senators are urging their peers to address the 3.37% cut that went into effect this year in the Medicare Physician Fee Schedule.
On Feb. 23, a bipartisan group of senators signed a missive to Majority Leader Sen. Chuck Schumer (D-New York) and Minority Leader Mitch McConnell (R-Kentucky) urging action. They noted the current shortage of physicians and other clinicians and projections that shortage will get worse in coming years.
“A major contributing factor to this unfortunate reality is our Medicare physician payment system, which has failed to maintain physician reimbursement at levels that adequately incentivize high quality care,” the letter said.
“After...
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