Becker's Healthcare March 12, 2024
Medicare’s pay for physicians decreased 3.4% in 2024 after dropping 2% in 2023, and while a new spending package offers some relief, physicians say it’s not enough.
Here’s where the government and physicians stand on the continued Medicare reimbursement reductions:
Even after Congress released a $460 billion spending package to mitigate Medicare’s pay cut for physicians, there is still an overall pay cut of 1.7%.
The package would temporarily halve physicians’ 3.4% pay cut, which went into effect Jan. 1. Physicians are unhappy the reduction didn’t go further, especially after 2023’s Medicare physician pay reduction.
In addition, the reduction is only in place for less than 12 months, as the new rate expires Jan. 1, 2025.
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