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This bill amends the Medicare physician fee schedule to extend certain payment protections and incentives for physicians. Specifically, it extends the geographic work index floor through January 2025, increases the adjustment support percentage from 1.25% to 3%, extends incentive payments for participation in alternative payment models through 2026, raises the budget neutrality threshold from $20 million to $53 million for 2025, and requires the Secretary of Health and Human Services to update direct cost inputs (such as staff wages and equipment prices) used in calculating practice expense payments at least every 5 years.
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