MGMA statement on Medicare Patient Access and Practice Stabilization Act (January 31, 2025)

FOR IMMEDIATE RELEASE:
January 31, 2025

Media Contact:
Emily Dowsett
Director, Policy Communications
edowsett@mgma.com
 

MGMA statement on the Medicare Patient Access and Practice Stabilization Act

Anders Gilberg
Senior Vice President, Government Affairs
Medical Group Management Association

"MGMA urges swift passage of the Medicare Patient Access and Practice Stabilization Act of 2025. Physician practices are now a month into the new year, facing uncertainty and financial shortfalls from the congressional failure to reverse the 2025 Medicare fee schedule cuts. These cuts have negatively impacted the viability of their Medicare business, commercial contracts tied to Medicare rates, as well as Medicaid reimbursement in states that use Medicare as a benchmark. With nearly 80% of all physicians now employed by facilities and larger entities, Medicare beneficiaries in areas of the country that rely solely on community-based medical practices are especially vulnerable to access issues. Without immediate congressional action on this important legislation, more and more physician practices will be forced to close their doors, unable to keep up with rapidly rising staff salaries, rent, and administrative costs.”

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About MGMA

Founded in 1926, the Medical Group Management Association (MGMA) is the nation's largest association focused on the business of medical practice management. MGMA consists of 15,000 group medical practices ranging from small private medical practices to large national health systems representing more than 350,000 physicians. MGMA helps nearly 60,000 medical practice leaders and the healthcare community solve the business challenges of running practices so that they can focus on providing outstanding patient care. Specifically, MGMA helps its members innovate and improve profitability and financial sustainability, and it provides the gold standard on industry benchmarks such as physician compensation. The association also advocates extensively on its members' behalf on national regulatory and policy issues.