Inflation Reduction Act

The U.S. Senate passed the Inflation Reduction Act on August 7, which would reduce Medicare’s unsustainably high prescription drugs costs, extend premium tax credits to ensure the continued availability of affordable ACA coverage for millions of low-income Californians, and aims to reduce carbon emissions by 40% by 2030, partly through incentives for clean energy and technology. You can read the CMA letter to California Members of Congress, urging them to support the Inflation Reduction Act.

However, the ACCMA recognizes that the Inflation Reduction Act does nothing to address Medicare physician payment reform or to halt payment cuts set to take effect next year. Read the full article from the American Medical Association here and see how payment rates for hospitals, nursing homes, etc. are adjusted for inflation but physician payments are not.