Becker's Healthcare December 23, 2024
On Dec. 21, President Joe Biden signed a spending bill to keep the federal government operating into 2025, leaving the planned 2.83% across-the-board Medicare physician payment cut untouched.
The cut, which is set to take effect Jan. 1, has been slammed by physicians since it was first announced.
“For the fifth consecutive year, Congress has adjourned and allowed Medicare cuts,” American Medical Association President Bruce Scott, MD, said in a Dec. 21 news release. “What will be the result? Patients struggling to access health care. Physicians closing or selling their private practices while others opt to leave the profession.”
Physicians’ Medicare pay rates have dropped 33% over 20 years, and Congress has not accounted for inflation adjustments,...
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