MGMA statement on the Medicare Patient Access and Practice Stabilization Act (October 29, 2024)

FOR IMMEDIATE RELEASE:
October 29, 2024

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 strongly supports the Medicare Patient Access and Practice Stabilization Act introduced today by Representatives Murphy, Panetta, Miller-Meeks, Bera, Bucshon, Ruiz, Joyce, and Schrier. We urge Congress to quickly return from recess to pass this critical legislation, stopping the full 2.8% proposed cut to the Medicare physician conversion factor and providing a modest inflation update for 2025. These annual cuts represent an ever-present creeping decline that threatens the viability of our nation’s medical groups. The fact that physicians must rely on Congress each year for a last-minute payment fix underscores just how broken the Medicare reimbursement system is. Moving forward, Congress must enact permanent, commonsense reforms that enable medical groups to keep their doors open and protect patients’ access to care."

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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.