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BC Advantage - 2023 Issue 1

Last Minute Congressional Action Reduces Medicare Fee Cuts For 2023

In response to concern expressed across the spectrum of physicians and their representative organizations, the omnibus spending bill, titled the Consolidated Appropriations Act, 2023 (CAA23), passed by Congress on December 23, rolled back a Medicare payment cut of 8.5%.  As a result, it is estimated that the conversion factor will still be cut 2.08% for 2023. However, as reported previously, many practices will feel a larger reimbursement reduction due to the annual valuation adjustments within the fee schedule.The scheduled 8.5% reduction came from a combination of two factors, the Medicare Physician Fee Schedule (MPFS)...

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