summary
Introduced
08/01/2024
08/01/2024
In Committee
08/01/2024
08/01/2024
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A bill to amend title XVIII of the Social Security Act to update the budget neutrality threshold under the Medicare physician fee schedule.
AI Summary
This bill, the Physician Fee Stabilization Act, aims to update the budget neutrality threshold under the Medicare physician fee schedule. Specifically, it increases the threshold amount from $20 million to $53 million in 2026, and then allows for annual adjustments to account for the cumulative increase in the Medicare Economic Index (MEI), which tracks changes in the costs of providing physicians' services. This change is intended to provide more flexibility and stability in the Medicare physician payment system.
Committee Categories
Budget and Finance
Sponsors (9)
John Boozman (R)*,
Cindy Hyde-Smith (R),
Angus King (I),
Roger Marshall (R),
Jacky Rosen (D),
Jeanne Shaheen (D),
Thom Tillis (R),
Raphael Warnock (D),
Peter Welch (D),
Last Action
Read twice and referred to the Committee on Finance. (on 08/01/2024)
Bill Topics
Health
- ‐ Health Insurance Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/senate-bill/4935/all-info | 08/02/2024 |
| BillText | https://www.congress.gov/118/bills/s4935/BILLS-118s4935is.pdf | 09/06/2024 |
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