The Medicare Physician Fee Schedule is a big deal. The fee schedule determines what services are covered for what price. When setting the fee schedule, policymakers seek to balance a number of goals including ensuring that medically valuable services are covered by Medicare; setting prices high enough so that clinicians from a range of specialties accept Medicare; creating relative prices that encourage high value care and discourage low value care. The Medicare physician fee schedule has an outsized influence, functioning in many ways as a national fee schedule. But how does it work in practice?
Read the full article: Are Changes to the Medicare Physician Fee Schedule Driving Value in US Health Care? //
Source: https://www.healthaffairs.org/content/forefront/changes-medicare-physician-fee-schedule-driving-value-us-health-care