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On Aug. 1, 2024, Senators Boozman, Welch, Tillis, King, Marshall and Shaheen introduced the bipartisan Physician Fee Stabilization Act (S. 4935) before they left for August Recess. This bill raises the budget neutrality threshold from $20 million to $53 million, with scheduled increases every five years to align with the Medicare Economic Index (MEI). Unfortunately, CMS recently released the 2025 Medicare physician fee schedule that included a proposed 2.8% cut to Medicare physician payment; however, S. 4935 is an important step in ensuring greater flexibility in determining pricing adjustments for services without triggering across-the-board physician payment cuts at the end of every year.
To maintain this momentum, it is essential that we continue to advocate to ensure the osteopathic voice is heard in Congress. Using our Advocacy Action Center, send your members of Congress an email asking them to support physicians and patient access to care by supporting legislation that prevents the 2.8% cut to Medicare physician payment and to cosponsor H.R. 2474 and S. 4935 today!