The Alliance of Specialty Medicine recently endorsed H.R. 8800, the Supporting Medicare Providers Act of 2022. This bipartisan bill would stabilize the harmful Medicare payment cuts to physicians by averting the impending 4.42% cut to the Medicare Physician Fee Schedule conversion factor set to go into effect in January 2023.
The Alliance is supportive of Congress taking immediate steps to stabilize Medicare physician reimbursements and seeks more permanent solutions to address the systemic issues with the Medicare Physician Fee Schedule (MPFS). We have written to congressional committees of jurisdiction and met with the Members and staff of House and Senate leadership as well as federal agencies like the Centers for Medicare and Medicaid Services and the Office of Management and Budget.
Heading off these cuts for 2023 and beyond is a key priority for specialty practices around the country. An unstable Medicare system will hurt patients’ access to care. We look forward to working with Congress and the Administration on a predictable and stable Medicare payment system that promotes value-based care and innovation.