Earlier this year, Congress reduced physician pay rates under Medicare Part B by 1.7%, following a 2% cut in physician reimbursements in 2023.
About 77% of physicians have reported seeing an impact following reimbursement cuts, according to Medscape's 2024 "Medscape Doctors Evaluate Medicare and Medicaid Report 2024," published July 12.
Approximately 30% of physicians report facing a large impact, while an additional 47% report a moderate impact, and 18% said they have seen little impact.
An additional 5% of physicians said they have seen no impact from pay cuts, according to the report.