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118-hr-6371Committee
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Provider Reimbursement Stability Act of 2023

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Summary

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The Provider Reimbursement Stability Act of 2023 modifies Medicare's physician fee schedule by increasing the budget neutrality threshold (the amount by which physician payments can change before automatic adjustments trigger), implementing a system to reconcile differences between estimated and actual utilization of services, requiring periodic updates to practice expense cost inputs, and limiting year-to-year conversion factor variance to 2.5 percent. These changes are designed to provide greater predictability and stability in physician reimbursement rates under Medicare.

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Bill details

Congress
118
Bill type
hr
Introduced
November 13, 2023
Sponsor
Not yet available
Last action
December 17, 2024— Referred to the Subcommittee on Health.

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