The Incision Point

The Incision Point

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Less Than a Third: The Crushing 30-Year Decline of Medicare Reimbursement

Exploring the bizarre economic reality where a busy day of non-operative clinic visits can generate comparable revenue to performing complex joint reconstructions.

Dr. Michael Meneghini's avatar
Dr. Michael Meneghini
Sep 10, 2026
∙ Paid

Hip and knee arthroplasties are widely recognized as some of the most transformative, cost-effective interventions in modern medicine, routinely restoring mobility and significantly improving overall quality of life. Yet, despite the immense societal value these procedures provide, the surgical workforce executing them is under severe financial attack.

Recent proposals by the Centers for Medicare & Medicaid Services (CMS) to revalue and reduce the work-relative value unit (wRVU) reimbursement for common joint replacement codes pose a catastrophic threat to the profession. While nonphysician healthcare workers actively and successfully strike for wage increases tied to inflation, orthopedic surgeons face a baffling reality: stagnant or aggressively cut reimbursement rates. These systemic payment reductions threaten the viability of private practices, supercharge healthcare consolidation, and severely damage the morale of a highly skilled surgical workforce.

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