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Greenville Reporter

Thursday, November 21, 2024

Bipartisan bill aims to stabilize Medicare payments amid rising costs

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U.S. Rep. Greg Murphy Representing the 3rd District of North Carolina | Official U.S. House headshot

U.S. Rep. Greg Murphy Representing the 3rd District of North Carolina | Official U.S. House headshot

Congressman Greg Murphy, M.D., has introduced the bipartisan Medicare Patient Access and Practice Stabilization Act. The legislation aims to support physicians and ensure access to care for Medicare beneficiaries.

"America's physicians are at a breaking point and access to high-quality, affordable care is at risk for millions of Medicare patients," said Congressman Greg Murphy, M.D. He emphasized that the current reimbursement system puts pressure on doctors, potentially leading them to retire or close their practices.

Congressman Jimmy Panetta highlighted the economic challenges faced by healthcare providers: "Medicare payments to physicians are just not keeping pace with our economic realities and the cost of care." He believes the legislation will help maintain seniors' access to quality healthcare.

Congresswoman Mariannette Miller-Meeks expressed concern over declining reimbursements: "Access to quality healthcare is something every senior deserves, but declining Medicare reimbursement is putting that access at risk."

Congressman Ami Bera, M.D., noted that physicians have not received inflationary updates: "Having an outdated Medicare reimbursement rate for physicians makes it harder for healthcare professionals to provide high-quality care."

The bill also addresses concerns about physician burnout and practice closures due to inadequate compensation. Congressman Larry Bucshon, M.D., stated: "Inadequate Medicare reimbursement threatens that access."

The proposed legislation comes in response to a rule from the Centers for Medicare & Medicaid Services (CMS) suggesting a 2.8% decrease in reimbursements starting January 1, 2025. This would coincide with a projected increase in practice costs.

According to Congresswoman Kim Schrier, M.D., when adjusted for inflation, physician reimbursements have declined significantly since 2001. She pointed out the impact on solo and small practice physicians in rural areas.

"As a physician," Congressman John Joyce, M.D., remarked on how ongoing cuts jeopardize senior care access. He co-leads this legislative effort alongside others like Congressman Raul Ruiz M.D., who stressed its importance for health service accessibility.

Numerous organizations back this initiative including major medical associations across various specialties such as American Medical Association and American College of Physicians among others.