Medicare Cuts Are Real

For 2024, Medicare has implemented a reduction in physician reimbursement rates by 3.36%. The conversion factor, which determines the payment per relative value unit (RVU), has been decreased from $33.89 in 2023 to $32.74

Medicare Advantage (Part C) is a form of Medicare health insurance that is managed by private companies and may offer additional coverage benefits.

Earlier this year, the Center of Medicare and Medicaid Services (CMS) announced that Medicare Advantage insurers will get lower payments in 2025.

One study released predicts Medicare Advantage customers will see their benefits drop by almost $400 per year.

Medicare payments to physicians were cut by 3.37 for 2024. Congress later reversed 1.68% of the proposed cuts.

According to the American Medical Association (AMA), Medicare based physician reimbursement has decreased by 30% since 2001.

FURTHER READING https://www.modernhealthcare.com/policy/medicare-advantage-rate-cut-cms-2025 https://www.ama-assn.org/press-center/press-releases/ama-patients-physicians-continue-endure-medicare-cuts

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