Using data on office visits for Medicare-treating physicians, this study examines the effects of several policy changes that reduced real reimbursement for some, but not all physicians, from 2012-2017. Using genetic propensity score weighted Difference- in-Differences (DID) models that include...

Historically, Medicare has operated under the assumption that health care providers respond to reductions in reimbursement through increased provision of services in an effort to offset declining practice revenue; however, recent empirical work examining fee reductions has found either small...