Medicare Proposes 2.8% Physician Fee Schedule Reduction By Michael Cassidy on July 11, 2024 Email this postTweet this postLike this postShare this post on LinkedIn Click here for the CMS Announcement on July 10, 2024 proposing a reduction in the Medicare Conversion Factor payment from $33.29 to $32.36, i.e. 2.8% There are a host of other changes in the 24 page Release, which we will address in due course.