Pay PCPs Act of 2024

The Pay PCPs Act of 2024 establishes a new hybrid payment system for Medicare primary care providers (including doctors, nurse practitioners, and physician assistants) who treat Medicare beneficiaries. It combines a fixed monthly payment per patient (40-70% of current Medicare fees for primary care services) with traditional fee-for-service payments for other services, aiming to better cover time-intensive care like care coordination and behavioral health support. The bill also reduces Medicare beneficiary cost-sharing for primary care by 50% when patients designate a provider as their "usual source of care." A new advisory committee will review Medicare payment methodologies to improve how services are valued, with the changes applying to providers participating in the hybrid system.