The legislation is also cosponsored by Senators Thom Tillis (R-NC), Angus King (I-ME), Roger Marshall, M.D. (R-KS) and Jeanne Shaheen (D-NH).
What They Are Saying
“Physicians cannot continue to be faced with large reductions in Medicare payment at the beginning of each year, threatening our practice operations and access to care for our nation’s seniors. The American College of Physicians supports the Physician Fee Stabilization Act that would help to ensure this doesn’t continue to happen by raising the threshold for the implementation of budget neutral payment cuts,” said Isaac O. Opole, MBChB, PHD, MACP, President, American College of Physicians.
“The Physician Fee Stabilization Act would provide a much-needed increase to the budget neutrality threshold, raising the trigger amount from $20 million, where it has been since 1992, to $53 million. It would then provide for inflationary increases every five years based on the Medicare Economic Index. As proposed, the $33 million increase is proportional to the growth of Part B spending since the implementation of the PFS,” said American College of Surgeons Executive Director and CEO Patricia L. Turner, MD, MBA, FACS. “This would be an important step forward to ensure greater flexibility in determining pricing adjustments for services without triggering re-occurring across-the-board cuts at the end of every year.”
“The Physician Fee Stabilization Act is a vital step toward ensuring stability and fairness in physician payment reform, especially for cardiologists who provide life-saving care. By raising the budget neutrality threshold, this legislation will help prevent annual cuts that threaten patients’ access to cardiovascular care. The American College of Cardiology commends Senators Boozman, Welch, Tillis, King, Marshall and Shaheen for their leadership and commitment to supporting our nation's cardiologists and their patients,” said American College of Cardiology President Cathleen Biga, MSN, FACC.
“The Physician Fee Stabilization Act marks the Senate's first legislative solution this year to help ensure fair and consistent Medicare payments for physician services, and Congress should pass this bill to help ensure our nation’s seniors continue to have timely access to the physician of their choice. We applaud the bipartisan group of Senators leading this initiative and look forward to working with policymakers to advance additional long-lasting Medicare policy solutions,” said Russell R. Lonser, MD, FAANS, American Association of Neurological Surgeons and Congress of Neurological Surgeons.
“The American Academy of Dermatology Association sincerely thanks Senators Boozman and Welch for introducing the Physician Fee Stabilization Act, which would update the budget neutrality thresholds in the Medicare physician fee schedule,” said American Academy of Dermatology Association President Seemal R. Desai, MD, FAAD. “This bill is a crucial step in the fight to reform Medicare physician payment as it would revise budget neutrality policies that contribute to eroding reimbursement, which is not only a critical top priority for dermatologists, but for all physicians and most importantly the patients we serve.”
“The AAMC applauds Sens. Boozman and Welch for introducing the Physician Fee Stabilization Act. Physicians employed by teaching health systems and hospitals across the country are dedicated to both providing care to the most complex and vulnerable patients and training the next generation of physicians. These large, multispecialty practices are vital resources to their local communities, providing significant primary care and other critical services, including a large percentage of tertiary, quaternary, and specialty referral care in the community. However, their ability to continue to provide care in their communities is in jeopardy due to the threat of yearly cuts to their patient care payments,” said Danielle Turnipseed, JD, MHSA, MPP, Chief Public Policy Officer of the Association of American Medical Colleges. “The Physician Fee Stabilization Act would update the current budget neutrality threshold in the Medicare Physician Fee Schedule (PFS), and continue to update it every five years. While more is needed to ensure the stability and longevity of the PFS, this is a critical step, and we appreciate the bipartisan commitment of Sens. Boozman and Welch to addressing issues with the PFS and look forward to working to get this legislation passed.”
“The American Urological Association (AUA) applauds Senators John Boozman and Peter Welch, along with Senators Thom Tillis, Angus King, Roger Marshall, MD and Jeanne Shaheen, for their leadership in introducing S. 4935, the Physician Fee Stabilization Act,” said AUA Public Policy Council Chair Mark Edney, MD, MBA. “This bipartisan legislation takes the critical step of increasing the budget neutrality threshold from $20 to $53 million with adjustments every five years to keep pace with the MEI. The budget neutrality threshold has not been updated in more than 30 years and physicians are the only Medicare provider without inflationary payment updates. S. 4935 would fix this and bring much-needed stability to physician payment year after year, helping to ease the provision of urological care and countless other services to millions of Americans under Medicare.”