Physicians Practice September 22, 2022
The Medicare cuts are deeper than advertised.
The Centers for Medicare and Medicaid Services (“CMS”) has proposed to reduce the Medicare conversion factor by 4.42% for 2023. Also proposed is an additional 4.0% statutory cut (Google “PAYGO Sequester” to learn more) to keep the Federal Budget in check. I’ve done the math and checked it twice, and that’s an aggregate 8.42% cut to Medicare payments. Yikes!
What you need to do
Before I get into the ramifications of such a cut, each of you do the following:
- Ask every doctor and employee to e-mail their United States Senators and Representative(s) to voice their opposition to the proposed Medicare and PAYGO cuts. MGMA, AMA, and other professional associations make this...
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