Doctors are getting a pay cut in 2025. That’s the upshot of a rule issued by Medicare earlier this month.

Patients will be the ones who pay the price for Medicare’s parsimony. Seniors and younger people alike will find it harder to secure access to doctors and care.

Physician practices’ finances have been under stress for years. Next year’s looming 2.9% reduction in reimbursement is the fifth pay cut Medicare has proposed since 2021. After accounting for inflation, Medicare payments to doctors fell nearly 30% between 2001 and 2024, according to the American Medical Association.

Read more at Newsmax© 2024 Newsmax. All rights reserved.