The Home handed laws Tuesday night time on a 384-38 vote delaying a 2% across-the-board minimize to Medicare funds for the remainder of the 12 months. The invoice is now headed to President Joe Biden, who is anticipated to signal it into legislation.
The invoice is a giant win for hospitals and suppliers.
“Extending the moratorium by the tip of this 12 months gives much-needed reduction for important hospitals, which proceed to face heavy monetary strain from their front-line response to COVID-19,” Beth Feldpush, senior vp of coverage and advocacy, America’s Important Hospitals, stated in a press release. “The sequester would weaken the power of our hospitals to look after the communities of shade which have suffered disproportionately from the pandemic.”
The Medicare cuts initially took impact in 2013 as a part of a package deal of automated and annual price range cuts generally known as a sequester. Congress paused the sequester cuts to Medicare final 12 months in response to the pandemic and its impact on suppliers’ funds, however that pause was scheduled to finish this month.
Hospitals and suppliers argue the pandemic continues to harm them financially, significantly in rural and underserved communities.
Suppliers nonetheless face a bigger