After months of adopting temporary measures, Congress has approved a federal spending deal that provides partial relief to the 3.4% cut to the Medicare Physician Fee Schedule. The $460 billion package approved by both the Senate and House of Representatives includes a 1.68% boost in funding for the 2024 fee schedule’s conversion factor, leaving dozens of provider types including PTs with a 1.69% cut still in place. President Biden is expected to sign off on the package.
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