CMS has released its proposed 2025 Medicare Physician Fee Schedule, or PFS, which includes a 2.93% cut in physician payments from the previous year, according to a press release.
The proposed 2025 PFS conversion factor is $32.36, a decrease of $0.93 from the current conversion factor.
AMA President Bruce A. Scott, MD, said the proposed cut highlights the need for Medicare payment reform.
“With CMS estimating a fifth consecutive year of Medicare payment reductions ... it’s evident that Congress must solve this problem,” he said in a statement. “In addition to the cut, CMS