Physicians are currently facing a 2.8% cut in pay under the proposed 2025 Medicare physician payment schedule. This proposal from the Centers for Medicare & Medicaid Services (CMS) follows a 1.69% Medicare pay cut in 2024 and a 2% drop in 2023.
On July 10, 2024, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule that announces and solicits public comments on proposed policy changes for Medicare payments under the Physician Fee Schedule (PFS), and other Medicare Part B issues, effective on or after January 1, 2025.
The calendar year (CY) 2025 PFS proposed rule is one of several proposed rules that reflect a broader Administration-wide strategy to create a more equitable healthcare system that results in better accessibility, quality, affordability, empowerment, and innovation for all Medicare beneficiaries.
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