CPT 01200 is an anesthesia code, paid per anesthesia unit under the 2026 Q4 Medicare Physician Fee Schedule: $20.76 per unit on average. Payment is (base units + time units) × the local anesthesia conversion factor. State amounts run from $19.42 in Nebraska to $28.15 in Alaska, a 45% spread.
Average per anesthesia unit
$20.76
Across all Medicare localities · × (base + time units)
Alaska
Nebraska · 45% spread
53 Medicare jurisdictions, highest to lowest. State values average each locality’s anesthesia conversion factor, per anesthesia unit.
| State | Rate compared visually | Per anesthesia unit |
|---|---|---|
| Alaska | $28.15 | |
| New York | $22.10 | |
| District of Columbia | $22.06 | |
| New Jersey | $21.82 | |
| Florida | $21.79 | |
| Illinois | $21.69 | |
| Connecticut | $21.34 | |
| Washington | $21.14 | |
| Massachusetts | $21.12 | |
| California | $21.01 | |
| Maryland | $20.94 | |
| Michigan | $20.87 | |
| Rhode Island | $20.76 | |
| West Virginia | $20.69 | |
| Pennsylvania | $20.68 | |
| Georgia | $20.65 | |
| Colorado | $20.59 | |
| New Mexico | $20.52 | |
| Puerto Rico | $20.51 | |
| Virgin Islands | $20.51 | |
| Montana | $20.49 | |
| New Hampshire | $20.45 | |
| Texas | $20.44 | |
| Delaware | $20.41 | |
| Oregon | $20.41 | |
| Hawaii | $20.34 | |
| Louisiana | $20.30 | |
| Nevada | $20.27 | |
| Ohio | $20.25 | |
| Missouri | $20.23 | |
| Arizona | $20.21 | |
| Utah | $20.18 | |
| Wyoming | $20.15 | |
| South Carolina | $20.07 | |
| Kentucky | $20.05 | |
| Virginia | $20.05 | |
| Oklahoma | $19.87 | |
| Maine | $19.86 | |
| North Carolina | $19.81 | |
| Vermont | $19.80 | |
| Mississippi | $19.73 | |
| North Dakota | $19.69 | |
| Minnesota | $19.63 | |
| South Dakota | $19.60 | |
| Tennessee | $19.60 | |
| Indiana | $19.58 | |
| Idaho | $19.54 | |
| Kansas | $19.54 | |
| Alabama | $19.53 | |
| Iowa | $19.43 | |
| Wisconsin | $19.43 | |
| Arkansas | $19.42 | |
| Nebraska | $19.42 |
Here is how the Medicare Physician Fee Schedule arrives at the CPT 01200 amount above, and what it does and doesn't cover.
Anesthesia codes carry no RVUs. Medicare adds the code's base units to time units (one per 15 minutes of anesthesia time) and multiplies the total by the locality's anesthesia conversion factor — the $20.76 per-unit figure above.
Each Medicare locality has its own anesthesia conversion factor, geographically adjusted like the rest of the Physician Fee Schedule. There is no facility vs. non-facility split.
Commercial payers set their own negotiated rates, and routinely pay above or below the Medicare amount for the same code. See how UHC, Aetna, Cigna and BCBS actually price 01200.
This page reflects the 2026 Q4 CMS Physician Fee Schedule, effective 2026-10-01. Want the full story behind why this data is public at all — the rules, the deadlines, the penalties? Read the price transparency law guide.
Medicare is the floor, not the market. See what UHC, Aetna, Cigna and BCBS actually pay — down to the TIN.