MGMA statement on MedPAC report (March 15, 2024)

FOR IMMEDIATE RELEASE:
March 15, 2024

Media Contact:
Emily Dowsett
Associate Director, Public Affairs
edowsett@mgma.com
 

MGMA statement on MedPAC report

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

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"On the heels of Congress allowing a 1.69% cut to Medicare physician reimbursement to stand for the remainder of 2024, today’s MedPAC recommendation to provide a 50% inflationary update for physician services in 2025 is woefully inadequate.

I am mystified why MedPAC even bothers to make an annual recommendation while it ignores the significant Medicare cuts to physicians in 2024 and recent years. Medical practices continue to suffer from staffing shortages and cost increases across the board.

On behalf of the nation’s medical groups — ranging from small physician practices in rural areas to large regional and national health systems — MGMA once again implores Congress to ensure continued access to care for vulnerable Medicare beneficiaries by passing legislation to provide an annual inflation update based on the full MEI and modernize antiquated Medicare budget neutrality policies."

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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.