The Medical Group Management Association (MGMA) is urging congressional leaders to rectify the 2.83% cut to the Medicare physician fee schedule (MPFS) that went into effect on January 1.
Congress cannot wait until the March 14 federal government funding deadline to fix the cut to the Medicare conversion factor, as Medical groups have already begun to feel the adverse effects of the decrease in reimbursement, the organization stated in a January 8 letter.
“Lawmakers are playing a dangerous game that will ultimately damage patients’ access to physicians who can no longer deal with the chaos caused by congressional inaction to fix a reimbursement formula that continues to destabilize the Medicare program,” the MGMA stated.
In addition to retroactively addressing the 2025 Fee Schedule cut, MGMA is calling for a positive inflationary update to Medicare reimbursement for 2025 and swift action on other issues of vital importance to medical groups, including passing bipartisan-supported prior authorization reform, extending the Advanced Alternative Payment Model (APM) incentive payment for 2025, and further extending the 1.0 work geographic practice cost index (GPCI) floor and telehealth policies that now expire at the end of March.
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