On January 1, 2025, a 2.8% Medicare physician payment cut took effect!
A bipartisan bill has been introduced in Congress – HR 879 “The Patient Access and Practice Stabilization Act” – that will reverse the latest round of Medicare payment cuts in full and also provide a partial inflation increase. Specifically, the legislation stops the 2.8% payment cut from January 1 - December 31, 2025, and provides a partial inflation update of 2%
Congress has begun work on a March legislative package to keep the government funded past the current March 14 deadline. The Texas Podiatric Medical Association (TPMA) and other stakeholders in The House of Medicine strongly urge Congress to adopt HR 879, the Medicare Patient Access and Practice Stabilization Act as part of the package.
Physicians are urged to contact their representatives today and ask them to cosponsor the Medicare Patient Access and Practice Stabilization Act. A sample letter is provided, but you are encouraged to add your stories about how the ongoing cuts have affected the sustainability of your practice and/or your patients’ access to care. Examples include: