A new bill introduced in Congress, H.R. 879, known as the Medicare Patient Access and Practice Stabilization Act, seeks to reverse a 2.83% cut to Medicare physician payments that took effect in January. The proposed legislation would not only end these cuts but also provide a 2% payment increase for physicians.
Supporters of the bill argue that this measure is necessary for states like Florida, which has a large population of retirees and seniors who rely on stable access to medical care. They warn that without financial relief, physician practices may struggle to remain viable, potentially impacting the state’s ability to attract and retain medical professionals.
According to recent data, Medicare reimbursement rates have dropped by more than 30% since 2000 when adjusted for inflation. Advocates say this trend threatens the sustainability of medical practices across the country.
The Florida Medical Association (FMA) issued a statement regarding the legislation: “H.R. 879 will not address the long-term issues associated with the failed Medicare payment system, which desperately needs to be overhauled. However, it will address the immediate problem posed by the harmful payment cut that took effect last month.”
The FMA also expressed gratitude toward Representatives Greg Murphy, MD (R-NC), Jimmy Panetta (D-CA), and other cosponsors of H.R. 879: “The FMA thanks Reps. Greg Murphy, MD (R-NC), Jimmy Panetta (D-CA), and the other cosponsors of this resolution.”
The association is encouraging constituents to reach out to their representatives in support of H.R. 879.
