Becker's Healthcare March 18, 2024
The Medicare Payment Advisory Commission released a new report to Congress on March 15, and some leaders are saying its recommendations for physician payments are flawed.
The report calls for a roughly 3% year-over-year pay increase for physicians. The report estimates physicians would receive 3% higher Medicare payments year following the update.
“Under current law, Medicare fee schedule payment rates are expected to decline in 2025, due to the expiration of a 1.25% pay increase that will apply in 2024 only and a 0% update scheduled for 2025,” the report said. “Given recent high inflation, cost increases could be difficult for clinicians to continue to absorb. Yet current payments to clinicians appear to be adequate, based on many of...
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