The federal government is officially reducing Medicare payments to physicians next year by 4.5%, but doctors and their lobbyists are ready to blitz Congress over the next two months to convince lawmakers that those cuts should be averted — again.
Medicare signaled these cuts were coming over the summer and finalized them this week in a new regulation. When factored in with other Medicare cuts embedded in law, physicians and policy experts say, the reductions will be closer to 8.5%, and could easily surpass 10% after factoring in how inflation is making it more expensive to buy medical supplies and hire staff.
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