American College of Emergency Physicians Responds to Finalized 2021 Physician Fee Schedule Cuts
The
"Emergency physicians and other health care providers battling on the frontlines of the ongoing pandemic are already under unprecedented financial strain as they continue to bear the brunt of COVID-19," said
Due to the budget neutrality requirements under the PFS, reimbursement for lifesaving, emergency treatment care delivered to Medicare patients will be decreased by 6 percent in 2021. After CMS first proposed this steep cut over the summer, ACEP provided specific policy recommendations to the agency that would completely eliminate or at least mitigate the reduction--but unfortunately none of them were ultimately incorporated. Instead, CMS chose to finalize a cut that will reverberate beyond just Medicare to other payors including private insurance, which often structure their payments to emergency physicians and other providers based on these Medicare rates. This will result in significant reimbursement reductions as well as widespread uncertainty and disruption across the system.
Now that the final rule has been released, the only way to prevent these devastating cuts from taking place is for
"Emergency physicians have courageously faced a global pandemic that has shaken our health care system to its core, unwavering in their commitment to their patients despite potentially deadly exposure to the disease for themselves and their families," said
The New Economy Will Be Built by Movements
A Philly jobs program lost 6 to a year of violence. Can it still help young people thrive?
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News