Act Now: Only 17 Days Until Medicare Cuts Take Effect

Originally published in the December 15, 2022, issue of MGMA’s Washington Connection
Reprinted with permission from MGMA

With only 17 days remaining in 2022, time is rapidly running out for Congress to act to avert the 4.5% reduction to the Medicare conversion factor set to effect on Jan. 1. We know from our members that the impact of this cut, especially in light of current inflationary pressures and workforce shortages, will be devastating for medical groups nationwide.

As the Medicare physician fee schedule is the only Medicare payment system without an annual inflationary update, the 4.5% reduction will only exacerbate current financial concerns and is frankly untenable. Should these cuts take effect, medical groups may be forced to make difficult business decisions including reducing the number of Medicare patients served, limiting the number of services provided, laying off staff, and even selling their practices.

MGMA continues to advocate against this detrimental reduction and for permanent payment reforms. If you haven’t done so already, join in #MGMAAdvocacy today by sending a letter to your members of Congress to pass legislation to stop the full 4.5% payment reduction from taking effect.

Already sent a letter? The time is now to pick up the phone. Call your members of Congress immediately and implore them to protect beneficiary access to care by passing legislation to #StopTheFullCut. Already asked your colleagues to take action? Now is the time to ask your friends and loved ones — the health of our nation’s seniors depends on it.