The Medicare Payment Advisory Commission (MedPAC) is an independent, non-partisan agency established by the United States Congress in 1997. Its primary objective is to advise the Congress on various issues related to the Medicare program, which provides healthcare coverage for Americans aged 65 and older, as well as for certain disabled individuals.
MedPAC's role is to analyze Medicare policies and make recommendations to Congress regarding payment policies, access to care, and quality of care for Medicare beneficiaries. This includes assessing payment rates for healthcare services, evaluating various payment methodologies, and examining the impact of these policies on beneficiaries, providers, and the overall healthcare system.
The Commission is composed of 17 members who are experts in healthcare economics and delivery, including physicians, economists, and policy experts. These members are appointed by the Comptroller General, who is the head of the U.S. Government Accountability Office, and they serve staggered terms.
MedPAC conducts research, collects data, and holds public meetings to gather input from stakeholders, including beneficiaries, providers, and other experts. Based on its analysis and input received, MedPAC produces an annual report to Congress with recommendations on issues such as payment updates, payment adjustments, and ways to improve the efficiency and effectiveness of the Medicare program.
The role of MedPAC is crucial in helping to inform the Congress on Medicare-related policies, aiming to ensure the program's sustainability, affordability, and accessibility while promoting high-quality care for the nation's seniors and disabled individuals.
