Congress Passes Reconciliation Bill

This week the U.S. Senate and House of Representatives both passed their Reconciliation Bill that includes a Medicare Physician Fee Schedule (MPFS) conversion factor (CF) increase of 2.5% for all physicians for 2026. The bill now heads to the President’s desk, where he is expected to sign it into law today, July 4th.  The House Doc Caucus has been very supportive of including provisions for physicians in both the House and Senate versions of this bill and we will be meeting with members of the caucus next week about next steps for physician payment reform. AAHKS has signed on to multiple letters this year calling for physician payment reform. We expect the CMS MPFS CY2026 Proposed Rule soon and will monitor how that may affect any changes to the CF that are passed in the Reconciliation Bill.