House Rep. Greg Murphy, MD, has introduced a bill that would stabilize pay under Medicare for 2025.
Three things to know:
1. The Medicare Patient Access and Practice Stabilization Act would provide a 4.7% payment update, eliminating the 2.8% Medicare physician payment cut slated for Jan. 1.
2. The scheduled pay cut coincides with a projected 3.6% increase in practice cost expenses for next year. This would lead to a 6.4% pay cut for physicians, according to an Oct. 29 news release.
3. The legislation is supported by dozens of healthcare organizations, including the American Medical Association, the American Academy of Oral and Maxillofacial Pathology and the American Association of Oral and Maxillofacial Surgeons.