Published on VHI | August 2026 The CY 2027 Medicare Physician Fee Schedule Proposed Rule, released July 16, 2026, includes some of the most consequential proposed modifications to the Medicare Shared Savings Program (MSSP) in recent years. While some changes take effect as early as January 2027, others (particularly the benchmark recalibration) will reshape the financial landscape for ACOs into the next decade. Taken together, the proposals reflect CMS's intent to simultane