The bill would establish an inflation-based update. Physician payment rates are currently facing a payment freeze that will last until 2026, as well as 2 percent Medicare pay cuts that began in January.
The introduction of the bill follows the Medicare Payment Advisory Commission’s recommendation to increase 2024 Medicare payments by linking it to the economic index.
The move was met with praise from the American Medical Association, which said in an April 12 blog post that the bill would “put physicians on equal footing with virtually all other health professionals and organizations paid by Medicare.”.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.