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Otolaryngology Coding Alert

Fee Schedule Update:

Lawmakers Reject Conversion Factor Cut, Increase Rates

Published on Sat Mar 01, 2003

The U.S. House and Senate voted to eliminate the scheduled 4.4 percent conversion factor reduction in Medicare physician fees from taking effect on March 1 and raised the rates instead.

The fiscal year 2003 appropriations bill (House Joint Resolution 2) rejects the 2003 conversion factors 4.4 percent reduction and increases the rate about 1.6 percent. The provision would not change other 2003 Fee Schedule provisions, such as the relative value unit changes. The Senate and House passed the bills, which will now go to President George W. Bush for final approval.  
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