ACOI Joins in Call for Congress to Reform Medicare Payment System
ACOI recently joined numerous medical societies in sending a letter to all Senate and House lawmakers asking for congressional hearings and collaboration with stakeholders to explore long-term solutions to the broken Medicare physician payment system.
ACOI Sends Letters to the Hill in Support of the PASTEUR Act
Antimicrobial resistance is a global crisis. Without action by Congress to incentivize the development of new antibiotics, the pipeline will fail & people will die from once treatable infections. Congress must pass the PASTEUR Act this year.
PFS Final Rule Has Physicians Bracing for Payment Cuts
On November 1, the Centers for Medicare and Medicaid Services (CMS), issued the CY2023 Medicare Physician Fee Schedule (PFS) final rule. As expected, physicians will receive a 4.6 percent cut to the conversion factor — the basic starting point for calculating physician payments — unless Congress intervenes. The cut is a product of the expiration of the 3 percent supplemental increase to PFS payments for CY 2022 provided by Congress and budget neutrality adjustments triggered by coding changes for evaluation and management visits.