HRS Joins Push to Stop Impending Medicare Physician Payment Cuts

October 7, 2024 – HRS joined as a supporting organization of a bipartisan Dear Colleague letter currently circulating on Capitol Hill.

The letter urges congressional leaders to act to provide a positive payment update for physicians, reflective of the inflationary pressures associated with running a practice. The Centers for Medicare & Medicaid Services (CMS) recently proposed a 2.8% decrease to the Medicare Physician Fee Schedule conversion factor.

This proposed cut comes as medical practice costs are projected to rise by 3.6%, as measured by the Medicare Economic Index (MEI). The Dear Colleague letter underscores the need for greater certainty and stability in Medicare’s physician payment system to maintain patient access to timely, quality health care.

The letter is scheduled to close on October 11th, and currently has the support of 75 members of Congress.