November 7, 2023
|The Honorable Ron Wyden||The Honorable Mike Crapo|
|Senate Committee on Finance||Senate Committee on Finance|
|215 Dirksen Senate Office Building||215 Dirksen Senate Office Building|
|Washington, DC 20510||Washington, DC 20510|
Re: MGMA Statement for the Record – Senate Committee on Finance’s November 8th Open Executive Session to Consider the Better Mental Health Care, Lower-Cost Drugs, and Extenders Act
Dear Chairman Wyden and Ranking Member Crapo:
On behalf of our member medical group practices, the Medical Group Management Association (MGMA) would like to thank the Committee for the opportunity to provide feedback on the Better Mental Health Care, Lower-Cost Drugs, and Extenders Act that begins to address critical Medicare policies. We appreciate your leadership as this markup is especially vital due to the Centers for Medicare & Medicaid Services (CMS) recently finalizing its 2024 Medicare Physician Fee Schedule (PFS) final rule, implementing a 3.4% cut to the conversion factor.
With a membership of more than 60,000 medical practice administrators, executives, and leaders, MGMA represents more than 15,000 group medical practices ranging from small private medical practices to large national health systems representing more than 350,000 physicians. MGMA’s diverse membership uniquely situates us to offer the following policy recommendations.