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- CAP, 50 Physician Organizations Urge Congress to Stop Medicare Payment Cuts
The CAP and more than 50 physician organizations are urging Congress to protect Medicare beneficiaries by enacting the Medicare Patient Access and Practice Stabilization Act of 2024.
The bill was introduced by Reps. Greg Murphy, MD (R-NC) and Jimmy Panetta (D-CA), and cosponsored by Reps. Mariannette Miller-Meeks, MD (R-IA), Raul Ruiz, MD (D-CA), Larry Bucshon, MD (R-IN), Kim Schrier, MD (D-WA), John Joyce, MD (R-PA), and Ami Bera, MD (D-CA). It would eliminate a 2.8% conversion factor cut and provide an increase to Medicare pay based on an economic index for 2025.
The CAP has lobbied throughout 2024 to stop the cuts to physicians. With the proposed cut for 2025, over the last six years, payments to pathologists have decreased by approximately 7% while physician practice costs (medical supplies, lab personnel, professional liability insurance) have increased over 17%. With inflation, in 2025 alone, pathologists are anticipated to experience a net 6% reduction in revenues as Medicare reimbursement is expected to fall by close to 2.4% while expenses are expected to increase by 3.6%.
Ongoing yearly Medicare cuts fuel economic uncertainty and make it harder for pathologists to serve patients and provide effective care with the latest tools and diagnostics. The CAP will continue advocating for long-term Medicare Payment reform and continued relief until that objective is achieved.
Read the legislation here.