Earlier this month, the Medicare Payment Advisory Commission (MedPAC) voted to urge Congress to increase 2024 Medicare payments for physicians.

More specifically, MedPAC recommended increasing physician reimbursement under the 2024 Physician Fee Schedule (PFS) at 50% of the Medicare economic index (MEI),  which would result in a 1.25% boost to payments for 2024. 

The panel also recommended add-on payments under the PFS (15% for primary care and 5% for specialty care) for services provided to the low-income Medicare population.