After months of intense lobbying by the American Medical Association, Arkansas Medical Society, other state medical societies, and national medical specialties, a bi-partisan agreement has been reached by Congress to halt Medicare physician payment cuts that were scheduled to take effect on January 1, 2022. President Biden is expected to sign the bill into law.
Highlights of the physician payment provisions include:
- A delay in resuming the 2% Medicare sequester for three months (January 1- March 31, 2022), followed by a reduction to 1% for three months (April 1-June 30, 2022).
- A one-year increase in the Medicare Physician Fee Schedule of 3% (0.75% less than the conversion factor boost provided for 2021).
- A one-year delay in the cuts to the clinical lab fee schedule.
- A one-year delay in the Medicare radiation oncology demonstration.
Additionally, the bill will erase the 4% Medicare PAY-GO cut and prevent any additional PAY-GO cuts through 2022.
The AMA released the following statement on the Senate’s vote to avert looming Medicare cuts to providers.