Figure 2.
Medicare pay updates compared with inflation (2001-2021). According to data from Medicare & Medicaid Services (CMS), Medicare physician pay has increased just 11% over the last 2 decades, or 0.5% per year on average, compared with 60% for hospital fee updates and a 39% increase in practice expenses over the same period. MEI, Medicare Economic Index; SNF, skilled nursing facility.
Source: American Medical Association, Economic and Health Policy Research, October 2021.
Available from ama-assn.org/system/files/medicare-pay-chart-2021.pdf