CMS has finalized a 2.83 percent cut to the Medicare physician payment conversion factor effective Jan. 1, 2025. This cut can be stopped only with action by Congress.

Recently, Reps. Greg Murphy, MD (R-NC) and Jimmy Panetta (D-CA) introduced the "Medicare Patient Access and Practice Stabilization Act" (H.R. 10073). This bipartisan legislation seeks to eliminate the looming cut and provide physicians with a positive payment update in 2025, that is equal to one half the Medicare Economic Index, helping to stabilize physician practices and protecting patients' access to care. ASNC has endorsed this legislation because it will provide temporary relief to physicians from the impending pay cut while work continues on reforming the Medicare physician payment system. 

Time is running out – there are few legislative days left before the end of the year with Congress expected to conduct a "lame duck" session after the elections. This will be the last opportunity for Congress to pass H.R. 10073 as part of any final year-end package.

Take action now.