In enacting the 4,000-plus page, end-of-the-year spending package, Washington politicians failed to stop the entirety of scheduled Medicare pay cuts, which will come at a financially precarious time for physician practices left reeling in the COVID-19 pandemic’s third year.
Because of that, physicians will face a 2% cut in Medicare payment in 2023, and 2024 will bring at least a 1.25% cut. Nevertheless, the $1.7 trillion bill signed by President Joe Biden does include a number of important AMA-supported provisions that physicians should know about.
My latest for the AMA. Read the whole shebang.