Following the government funding bill that was passed on March 9, 2024, and signed by President Biden, CMS has now updated the 2024 Medicare fee schedule that previously went into effect on January 1, 2024. The revision reduced the previous cuts by 1.68 percent. On March 25, 2024, NGS released the revised Medicare Physician Fee Schedule with the new amounts that went into effect on March 9, 2024. The fee schedule increased rate is not retroactive for all of 2024 but will apply to claims filed for services rendered on and after March 9th.
