[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 4935 Introduced in Senate (IS)]

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118th CONGRESS
  2d Session
                                S. 4935

 To amend title XVIII of the Social Security Act to update the budget 
    neutrality threshold under the Medicare physician fee schedule.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             August 1, 2024

    Mr. Boozman (for himself, Mr. Welch, Mr. Tillis, Mr. King, Mr. 
 Marshall, and Mrs. Shaheen) introduced the following bill; which was 
          read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
 To amend title XVIII of the Social Security Act to update the budget 
    neutrality threshold under the Medicare physician fee schedule.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Physician Fee Stabilization Act''.

SEC. 2. UPDATING THE BUDGET NEUTRALITY THRESHOLD.

    Section 1848(c)(2)(B)(ii)(II) of the Social Security Act (42 U.S.C. 
1395w-4(c)(2)(B)(ii)(II)) is amended--
            (1) by striking ``Subject to'' and inserting the following:
                                            ``(aa) In general.--Subject 
                                        to'';
            (2) in item (aa), as inserted by paragraph (1), by striking 
        ``$20,000,000'' and inserting ``the amount specified in item 
        (bb) for such year''; and
            (3) by adding at the end the following new items:
                                            ``(bb) Amount specified.--
                                        For purposes of item (aa), 
                                        subject to item (cc), the 
                                        amount specified in this item 
                                        is--

                                                    ``(AA) for years 
                                                before 2026, 
                                                $20,000,000;

                                                    ``(BB) for 2026, 
                                                $53,000,000; and

                                                    ``(CC) for 2027 and 
                                                each subsequent year, 
                                                the amount specified in 
                                                this item for the 
                                                preceding year.

                                            ``(cc) Indexing limitation 
                                        on annual adjustments.--For 
                                        2031 and every subsequent fifth 
                                        year, the Secretary shall 
                                        increase the amount specified 
                                        in item (bb) for such year by 
                                        the cumulative increase in the 
                                        MEI (as defined in section 
                                        1842(i)(3)) applicable to 
                                        physicians' services over the 
                                        5-year period ending on the 
                                        last day of the preceding 
                                        year.''.
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