December 22, 2022
The Senate has passed a $1.65 trillion Omnibus bill, which prevents some Medicare cuts and the statutory Pay-As-You-Go sequester.
Physicians were facing cuts of more than 10% to Medicare payments starting on January 1, 2023, including from the sequestration policy known as PAYGO.
The final 2% cuts are significantly less than the potential double-digit cuts initially proposed by CMS.
The house is expected to pass the bill this evening with the President signing into law on Friday.
The continued funding is a small step in the right direction towards a much-needed, longer-term reform to the nation’s Medicare system.