It’s time to Support H.R. 6683, the Preserving Seniors’ Access to Physicians Act of 2023 – and reverse the 3.37% Medicare payment cut that took effect on January 1.
The latest 3.37% cut comes after three years of consecutive cuts to Medicare physician payments. If Congress does not act, Medicare payments will have been cut by almost 10% in four years, which is simply unsustainable for our nation's physicians.
To make matters worse, physicians are the only Medicare providers whose payments do not automatically receive an annual inflationary update, which means we will not receive a 4.6% update in 2024 like other healthcare providers. Because of this major flaw in the payment system, Medicare physician payments have lagged 26% behind the rate of inflation since 2001.