How Many Physicians Have Opted Out of the Medicare Program?

(By Nancy Ochieng and Gabrielle Clerveau for the Kaiser Family Foundation Published: Sep 11, 2023)

Medicare provides health insurance coverage to 65 million adults–nearly 20% of the U.S population—and is a major source of revenue for providers, including physicians and other clinicians. In 2022, Medicare spending on Part B services (including physician services, outpatient services, and physician-administered drugs) accounted for nearly half (48%) of total Medicare benefit spending, and this share is expected to grow to more than half (52%) by 2032. Physicians are not required to participate in Medicare, though the vast majority of them choose to do so. Continue reading here…

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