Medicare Physician Pay Lags Behind Inflation

Relative to inflation, from 2001 to 2023, Medicare payments to doctors fell 26%

  • Chronically inadequate Medicare payments will take a toll on older adults' access to high-quality care.
  • Annual inflation-based updates would put physicians on equal footing with other health professionals paid by Medicare.
  • U.S. bipartisan bill H.R. 2474, the “Strengthening Medicare for Patients and Providers Act,” provides for an update that is equal to the annual percentage increase in the Medicare Economic Index.


O'Reilly KB. Medicare Physician Pay Fell 26% Since 2001. American Medical Association. Accessed September 9, 2023.

U.S. Congress. H.R. 2474- Strengthening Medicare for Patients and Providers Act. Accessed September 9, 2023.