CMS is proposing a 3.4% reduction to the Medicare Part B conversion factor in the 2024 Medicare Physician Fee Schedule (MPFS) proposed rule. The agency is also floating expanded telehealth and dental coverage among numerous other changes.
Physician groups have already mobilized to lobby Congress to halt the 3.4% reduction to the conversation factor. In a statement, the American Medical Group Association (AMGA) said the cuts would add pressure to practices that are already struggling financially and could lead to reductions in staffing and services that would negatively affect beneficiaries. The American Medical Association (AMA) called the cuts “almost biblical” in its statement. The AMA, as well as the AMGA and other physician groups, have called on Congress to take action on legislation to address the proposed payment reduction.