24% Medicare Pay Cut April 1 No April Fool's Joke

March 6, 2014 5:01 PM

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24% Medicare Pay Cut April 1 No April Fool's Joke

WASHINGTON -- The American Medical Association continues to oppose any short-term patches to physician payments under Medicare, even as hope fades on a permanent repeal by the end of this month.

AMA president Ardis Dee Hoven, MD, said Wednesday that physician payments under Medicare will drop by roughly 24% at the end of this month when scheduled cuts under the sustainable growth rate (SGR) payment formula kick in -- unless Congress acts to delay them.

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