WASHINGTON, Aug. 3 -- Sen. Angus King issued the following press release:
U.S. Senator Angus King (I-ME) is introducing bipartisan legislation to support physicians and preserve their ability to care for Medicare patients. The Provider Reimbursement Stability Act would modernize the Medicare's Physician Fee Schedule (MFPS) - how much medical professionals are reimbursed for providing care - and preserve patient access to care by adjusting payments to cover more of the actual cost of delivering medical services.
As reported by the American Medical Association (AMA), the average Medicare reimbursement for physician services has declined roughly 33 percent since 2001 when adjusted for inflation. This reduction can be largely attributed to th...