A bipartisan bill introduced in the House aims to prevent a 2.8% Medicare payment cut set for January and provide a 4.7% pay increase for physicians in 2025. The American Medical Association emphasizes the urgent need for action, citing a 29% decline in Medicare reimbursement since 2001, which threatens the viability of medical practices.
Bipartisan legislation introduced in Congress aims to prevent a 2.8% Medicare pay cut in 2025 and provide a 4.73% increase in physician pay, addressing long-standing reimbursement issues. The bill, co-led by several representatives, seeks to support physicians facing financial pressures and ensure access to quality care for Medicare patients. The final Physician Fee Schedule is expected soon, with potential adjustments to the proposed pay raise based on the final conversion factor.
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