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By Staff Reporters
SPONSOR: http://www.CertifiedMedicalPlanner.org
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According to Paige Minemyer of Fierce Healthcare, the Joe Biden administration is proposing cuts to physician payments in its annual fee schedule, and doctors are not happy. Major industry groups have roundly called for Congress to step in to prevent the Medicare reimbursement changes from going through. Last week, the Centers for Medicare & Medicaid Services (CMS) proposed a 3.34% cut to the fee schedule’s conversion factor, which is used to calculate Medicare payouts to docs.
In a statement, the American Medical Group Association (AMGA) said that Medicare payments already fail to keep up with “the increasing cost of delivering healthcare,” and further cuts would only exacerbate that problem. “AMGA members cannot absorb this proposed payment cut,” said AMGA President and CEO Jerry Penso, MD.
BIO: https://www.amga.org/about-amga/amga-difference/board-of-directors/penso/
“Their expenses are continuing to increase, and Congress needs to act to ensure Medicare’s reimbursement reflects the cost of delivering high-quality care to patients.”
CITE: https://www.r2library.com/Resource
Source: Paige Minemyer, Fierce Healthcare [7/17/23]
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Filed under: "Doctors Only", Breaking News, Career Development, Ethics, Glossary Terms, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance | Tagged: AMA, AMGA, CMP, CMS, doctor payment cuts, Jerry Penso, physician pay cuts | Leave a comment »
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