The Medicare Payment Advisory Commission (MedPAC) has released its March report to Congress, which recommends that Congress increase the Medicare Physician Fee Schedule (MPFS) by 1.5% for 2024.
"MedPAC’s payment update recommendations, which we are required by law to submit each year, are based on an assessment of payment adequacy for each provider type that examines beneficiaries' access to and use of care, the quality of the care they receive, the supply of providers and their access to capital, and providers' costs and Medicare's payments," it said.
