The final Medicare payment reductions for physicians in 2024 encompass the following:
- The Centers for Medicare and Medicaid Services have decreased payments in 2024 for services under the Medicare Physician Fee Schedule by 3.4% .
- Medicare physician payment has been reduced by 26% adjusted for inflation from 2001–2023.
- Medicare sequestration of -2% has been extended through 2032, because of a temporary delay for 1½ years.
Considering these circumstances, we request the permanent addition of 3.75% to the fee schedule, which was added during COVID and subsequently repealed slowly; permanent repeal of sequester cuts without penalizing for the cuts and permanent repeal of PAYGO cuts.
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