Omnibus Budget Bill Includes Physician Payment Cut Relief

On December 29, 2022, President Biden signed the 2023 Omnibus Budget Bill into law. The Bill had been approved by the House and Senate on December 23. The bill includes several health care–related allocations, including, most critically, relief from the scheduled Medicare physician payment cuts that would have gone into effect in January 2023.

These payment adjustments are a direct a result of medical associations’, including ISASS’s, advocacy and outreach to Congress and strong emphasis on the need for improved Medicare reimbursement for physician services.

Below are a few of the highlights from the Budget bill.

Once CMS releases updated fee schedules and impact statements, ISASS will share this information with members. Physicians should expect the impact on Medicare reimbursement to be more than a 5% increase compared to what payment rates would have looked like prior to the legislation passing.

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