The following statement is attributable to:

Jack Resneck Jr., M.D.

President, American Medical Association

“The AMA thanks the Medicare Payment Advisory Commission (MedPAC) for acknowledging during their meeting today the growing gap between the costs of practicing medicine and what Medicare pays. AMA research shows that, adjusted for inflation in practice costs, Medicare physician pay declined 22 percent from 2001 to 2021, or by 1.2 percent per year on average. This widening gap has created instability for physician practices and threatens Medicare patient access to care. The AMA strongly urges (PDF) Congress to stop the 4.5% payment cut scheduled for Jan. 1, 2023, and to work with physicians on wholesale payment system reforms that include inflationary updates reflecting the costs to practice medicine.”

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About the American Medical Association

The American Medical Association is the physicians’ powerful ally in patient care. As the only medical association that convenes 190+ state and specialty medical societies and other critical stakeholders, the AMA represents physicians with a unified voice to all key players in health care.  The AMA leverages its strength by removing the obstacles that interfere with patient care, leading the charge to prevent chronic disease and confront public health crises and, driving the future of medicine to tackle the biggest challenges in health care.