Congress Passed bill for MPFS
Date: March 13, 2024
The recent passing of a partial government funding bill by Congress on March 8 is important to Medicare beneficiaries. This bill includes policies aimed at addressing the cuts to the Medicare Physician Fee Schedule (MPFS) that were implemented on Jan. 1, 2024.
The legislation softens the decrease from -3.37% to -1.69% and would take effect on March 9 and run until the end of 2024. It does not provide for retroactive claims processing.
Rest assured; we are closely monitoring the situation. While CMS has yet to update their Medicare Physician Fee Schedule on their site, we are committed to keeping you informed and will promptly notify you when any updates are made.
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