How Many Physicians Have Opted Out of the Medicare Program?

(By Alex Cottrill, Nancy Ochieng, and Tricia Neuman for The Kaiser Family Foundation Published: Jan 17, 2025)

Medicare provides health insurance coverage to 67 million adults—20% of the U.S population—and is a major source of revenue for physicians and other health providers. In 2024, Medicare spending on Part B services (including physician services, outpatient services, and physician-administered drugs) accounted for nearly half (49%) of total Medicare benefit spending. 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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