The Background: On January 1, a 2.8% cut to Medicare physician reimbursement went into effect, on top of the 1.68% decrease in 2024. The existing Medicare physician payment system is unsustainable, and ASCO is calling on Congress to reform it. The current Medicare reimbursement system makes it difficult for practices to maintain a viable business, and thus, impacts patients’ access to care.

Why it Matters: Physician reimbursement has fallen behind inflationary rates by 33% since 2001. Along with the increased administrative burden placed on providers, the limitations on resources allocated for necessary care, and the lack of incentives to transition to value-based care models, only amplify the unsustainable Medicare physician payment system.

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