BC Advantage - 2021 Issue 3

Consolidated Appropriations Act Brings New Relief for Providers

Medicare Physician Fee Schedule 2021After the release of the Final Rule December 2, 2020, physicians across the country were feeling the pinch of a 10% reduction in the MPFS. The Consolidated Appropriations Act, finally signed into law on December 27th, modified the Final Rule terms by revising the conversion factor to $34.8931, reflecting a 3.75% increase across the board for CY 2021. The legislation also suspended the 2% payment sequestration through March 21, 2021 and reinstated the 1.0 floor work geographic price cost index through 2023. The AMA lobbied against the implementation of the complexity...

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