What they’re saying about the Medicare Patient Access and Practice Stabilization Act

Author(s):

Richard Payerchin

Key Takeaways

The proposed legislation aims to prevent a 2.8% cut in physician reimbursement in the 2025 Medicare Physician Fee Schedule.
It suggests a 1.8% increase in reimbursement rates to support physician practices.
The bill has received bipartisan support, highlighting collaboration among physicians in Congress.
The initiative focuses on stabilizing physician practices and ensuring patient access to care amidst financial challenges.

Physicians and sponsors in Congress explain why the bipartisan bill is needed.

Rep. Greg Murphy, MD (R-North Carolina) and Rep. Jimmy Panetta (D-California) introduced the Medicare Patient Access and Practice Stabilization Act at the end of October 2024.

The bill would block a planned 2.8% cut to physician reimbursement planned in the 2025 Medicare Physician Fee Schedule. It also would increase reimbursement by 1.8%.

Their announcement about the bill included a number of statements of support from physicians in Congress. Here is what they have to say about the bipartisan bill. All statements were included in Murphy’s news release.