tci Medicare Compliance & Reimbursement - 2023 Issue Q2

Reimbursement: MedPAC Advocates to Bump Up Physician Pay in 2024

Industry orgs argue it’s not enough. Pandemic fallout combined with rampant inflation have put undue financial constraints on many healthcare providers. In a rare move, an influential advisory board is asking Congress to increase physician payment rates by connecting them to the Medicare Economic Index (MEI). Context: On March 15, the Medicare Payment Advisory Commission (MedPAC) released its “March 2023 Report to Congress.” Due to rising costs and inflation, MedPAC recommends legislators “update the 2023 Medicare base payment rate for physician and other health professional services by 50 percent of the projected increase in the...

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