The Centers for Medicare and Medicaid Services has finalized a 2.8% payment cut for physicians in the 2025 Medicare Physician Fee Schedule, prompting swift protests from medical groups. They argue that this cut, alongside rising costs, threatens patient care and physician practices, calling for immediate legislative action to avert the reduction. A bipartisan bill aims to eliminate the cut and provide a 4.7% payment update, but time is running out for Congress to act before the cuts take effect on January 1, 2025.
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