Nov 24, 2021
November 22, 2021—The CardioVascular Coalition (CVC) commended the introduction of the Medicare Stability for Patients and Providers Act (H.R. 6048). The bipartisan legislation, which was sponsored by Representatives Bobby Rush (D-IL) and Gus Bilirakis (R-FL), prohibits the implementation of certain clinical labor price updates included in the Medicare Physician Fee Schedule (PFS) Final Rule for CY 2022.
According to the CVC, the main driver of payment cuts in the 2022 PFS Final Rule is CMS’ updates to clinical labor data. The hardest-hit specialties are cardiology, vascular surgery, venous, radiation oncology, and radiology practices. CVC stated that if left unaddressed, CMS’ changes to the clinical labor policy will result in cuts of up to 22% over 4 years to critical revascularization services at a time when patients are choosing to access health services in outpatient facilities that are convenient and less costly.