MedPAC recommends small Medicare fee-for-service pay increase

2017 05 04 10 02 04 942 Capitol Hill2 400

The Medicare Payment Advisory Commission (MedPAC) has recommended a 1.25% increase in payments under the physician fee schedule for 2024, according to its March report to Congress released March 15.

Overall, Medicare fee-for-service spending per beneficiary increased in 2021 by 10%. Charges for imaging per fee-for-service beneficiary for physician fee schedule services between 2019 and 2021 decreased slightly.

Allowed charges per fee-for-service beneficiary for physician fee schedule services, 2019-2021
Service type Change in units of service per beneficiary Change in payments per beneficiary
Imaging (overall) -3.8% -2.4%

The COVID-19 pandemic continues to affect the healthcare arena, MedPAC noted.

"Three years into the coronavirus pandemic, Medicare beneficiaries, health care workers, and providers continue to experience the effects of the COVID-19 pandemic," the commission wrote. "Though the coronavirus public health emergency will end in May of this year, COVID-19 variants continue to evolve, and the future effects of coronavirus transmission on the demand for health care services remains uncertain."

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