Medicare physician pay has plummeted since 2001. Find out why.
07/25/24 at 03:00 AM
Medicare physician pay has plummeted since 2001. Find out why.
American Medical Association - AMA; by Tanya Albert Henry; 7/17/24
Medicare physician payment—often called Medicare reimbursement—must be tied to an inflation index called the Medicare Economic Index (MEI). As part of its campaign to fix the unsustainable Medicare pay system, the AMA has outlined in a quick, easily navigable fashion why this payment fix needs to happen now. ... The AMA’s two-page explainer on the Medicare Economic Index (PDF) outlines how it incorporates these two categories reflecting the resources used in medical practices:
- Physician practice costs ...
- Physician compensation ...
... The AMA is leading the charge to reform the Medicare payment system.