Proposed cuts to Medicare physician payments spark calls for overhaul

Doctors would receive a 1.25% pay cut next year under the Medicare physician fee schedule proposed rule, fueling requests to tie the reimbursement rate to inflation.

The Centers for Medicare and Medicaid Services proposed Thursday to decrease overall payment rates in 2024, but boost reimbursement for primary care, among other services. Under the proposed rule, CMS would reduce the Medicare conversion factor by 3.34%, the benchmark used in…