The American Medical Association endorsed 10 ways to reform Medicare’s physician payment system, in a June 3 website post.
Doctors are in the midst of a six-year payment freeze and, adjusted for inflation, payment to doctors has fallen 20% from 2001 to 2021, according to the association. The payment system is unsustainable, he said.
Here are the 10 principles he set out for lawmakers:
- Ensure financial stability by updating payments for practice cost inflation.
- Invest in physicians and physician-focused payment models for their ability to provide high-value care.
- Push collaboration, competition and patient choice over consolidation.
- Reward providers for the value of care versus administrative activities.
- Encourage innovation so that practices can be redesigned to improve care for all subsets of patients.
- Offer a variety of payment models tailored to different specialties and practice settings.
- Deliver timely and actionable data so physicians can analyze claims data and reduce avoidable costs.
- Recognize clinical data registries as a tool for improving the quality of care.
- Adjust payment models to address health disparities.
- Support small practices and large systems in rural and urban areas.