March 20, 2024

MedPAC March Report to Congress Recommends Payment Updates

The Medicare Payment Advisory Commission (MedPAC) released its March 2024 Report to Congress March 15, including a recommendation that lawmakers update the 2024 Medicare base payment rate in 2025 for physician and other health professional services by the amount specified in current law plus 50% of the projected increase in the Medicare Economic Index.

MedPAC is a non-partisan, independent legislative branch commission created to advise Congress about Medicare-related issues. Each March, MedPAC reports to Congress on traditional Medicare’s various fee-for-service (FFS) payment systems, the Medicare Advantage (MA) program and the Medicare Part D prescription drug program. MedPAC also analyzes access to care, quality of care and other issues affecting the program.

MedPAC recommended FFS payment updates above current law for acute care hospitals and physician and other health professional services.

The American College of Radiology® (ACR®) is reviewing the report and will provide a detailed summary. For questions, contact Christina Berry, ACR Team Lead, Economic Policy.