The Medicare Payment Advisory Commission today voted to recommend that Congress update Medicare payment rates for hospital inpatient and outpatient services by the current law amount plus 1% for 2024, and distribute an additional $2 billion to safety-net hospitals by transitioning to a safety-net index policy. In other action, MedPAC recommended that Congress: 

  • Update 2024 Medicare payments for physicians and other health professional services by half the Medicare Economic Index increase, and enact a non-budget-neutral add-on payment under the physician fee schedule to services provided to low-income Medicare beneficiaries.
  • Reduce 2024 payment rate for home health agencies by 7%.
  • Reduce 2024 payment rates for skilled nursing facilities and inpatient rehabilitation facilities by 3%.
  • Update the 2024 Medicare base payment rate for hospice services by the amount specified in current law, and wage adjust and reduce the hospice aggregate cap by 20%.

In addition, MedPAC presented status reports for the Part D and Medicare Advantage programs, and reports on outpatient use of behavioral health services and telehealth. The commission also reviewed three policy approaches to addressing high Part B drug prices, a body of work it will continue this spring.

Related News Articles

Headline
Physicians and other practitioners who provided evaluation and management (E/M) services via telehealth during the first nine months of the COVID-19 public…
Headline
People enrolled in Medicare Advantage are more likely than those in traditional Medicare to report delays in care due to needed insurance approvals, according…
Perspective
Two presidents that America honors with a federal holiday on Monday shared a number of memorable traits. George Washington and Abraham Lincoln were blessed…
Headline
Andrea Preisler, AHA’s senior associate director of administrative simplification policy, explains why the recent final rule requiring Medicare Advantage,…
Headline
The Centers for Medicare & Medicaid Services yesterday released FAQs clarifying coverage criteria and utilization management requirements for Medicare…
Headline
The AHA, joined by five other national associations representing hospitals, Feb. 2 urged the U.S. Supreme Court to review a case challenging how the Department…