What to Know About How Medicare Pays Physicians

(By Alex Cottrill, Juliette Cubanski, and Tricia Neuman for The Kaiser Family Foundation Published: Mar 06, 2024)

More than 65 million people—nearly 20% of the U.S. population—receive their health insurance coverage through the federal Medicare program. In 2021, Medicare spending comprised one-fifth (21%) of national health care spending and 13% of the federal budget. The largest share of total Medicare spending (48% in 2021) is dedicated to Part B services, including physician services, outpatient services, and physician-administered drugs, and accounts for 26% of national payments for physician and clinical services. Continue reading here…

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