January 12, 2023
On January 5, the Centers for Medicare and Medicaid Services (CMS) released the new Medicare physician payment files that include the 2023 conversion factor of $33.8872, which is 2 percent lower than the 2022 conversion factor of $34.6062. The new conversion factor reflects the year-end adjustments to Medicare payment rates adopted by Congress.
Through pressure applied by the MMA and other organized medicine groups, led by the AMA, the 2023 conversion factor would have been reduced by an additional 2.5 percent.
“This cut comes at a time when physician practices remain stressed by COVID, seasonal infections, and many financial challenges,” said MMA President Will Nicholson, MD. “Although the size of the cut is smaller than first proposed, I want to be clear, the MMA views any cut to Medicare physician payments as unacceptable.”
On December 21, 2022, the MMA denounced the cuts in a letter sent to Minnesota’s congressional delegation. The MMA will continue to advocate for updates to Medicare physician payments that better reflect the costs of practicing medicine, adjusted for inflation.
For further questions, please contact Adrian Uphoff, health policy analyst.
May 29, 2025
As the Legislature works to complete its work on the state’s two-year budget, another deadline is looming. Legislators are required to pass a balanced budget before the end of the fiscal year—June 30, 2025. If they don’t meet that deadline, the state will begin a partial shutdown.
May 29, 2025
Registration has opened for the Empowering Physicians: A Night of Reflection and Engagement event, featuring best-selling author Elisabeth Rosenthal, MD.
May 29, 2025
The AMA is encouraging physicians to contact their U.S. senators and urge them to revise the reconciliation bill passed recently by the U.S. House of Representatives. While the bill includes language that would stabilize Medicare physician payments, it also threatens to cripple Medicaid and CHIP.