The biotech scorecard for Q4: 16 stock

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U.S. Sen. John Thune (R-SD) arrives for a Senate Republican meeting at the U.S. Capitol on February 08, 2024 in Washington, DC.
Senate Minority Whip John Thune is one member of a bipartisan group working to develop Medicare physician payment reforms. Kevin Dietsch/Getty Images

WASHINGTON — A bipartisan group of senators is starting work on legislation to reform how Medicare pays physicians, they will announce Friday.

Senate Minority Whip John Thune (R-S.D.) and Sens. Marsha Blackburn (R-Tenn.), John Barrasso (R-Wyo.), Debbie Stabenow (D-Mich.), Mark Warner (D-Va.), and Catherine Cortez Masto (D-Nev.) announced their intent to develop long-term fixes to issues with Medicare’s physician payment structure and to update the Medicare Access and CHIP Reauthorization Act.

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“Further action is needed to address reimbursement challenges and shift toward a system that aligns payment incentives with patient outcomes,” they said in a written statement.

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