Sens. Bennet, Shaheen Announce Legislation to Improve Medicare Payments Program
Colorado
"The coronavirus pandemic has strained every level of America's health care system and the budgets of providers across
"Providers in
Rather than allowing a gradual repayment, the program currently requires the
Bennet and Shaheen's legislation would delay the start of the withholding period and the commencement of interest accrual, while also limiting the portion of Medicare reimbursement for services that can be withheld to pay down the upfront payment to 25 percent of the otherwise applicable payment for the service. The bill would limit the interest rate to 1 percent for remaining balances that have not been paid back through withholding after two years. This legislation would also authorize CMS to forgive remaining balances owed by providers in cases of hardship. To help ensure that the Medicare Accelerated and Advance Payments Program does not harm Medicare's solvency or Medicare premiums, the bill requires the
The legislation is supported by the
In addition to Bennet and Shaheen, the legislation is cosponsored by
The draft bill text is available here. https://www.bennet.senate.gov/public/_cache/files/0/9/099cbb86-209d-46cb-9e8c-44c3b8939e35/E95DEFDB6C5E70A62E0499E97E417C3E.kel20397.pdf
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