Physicians and other providers can relax; Congress acted to prevent the trio of Medicare payment cuts set to take effect in 2022 a 3.75% cut due to scheduled changes in the Medicare Physician Fee Schedule PFS, a 2% cut for Medicare sequestration, and a 4% Statutory Pay-As-You-Go Act cut
House & Senate passed Protecting Medicare and American Farmers from Sequester Cuts Act that includes relief from upcoming Medicare cuts. Centers for Medicare & Medicaid Services hosted a webinar on Merit-based Incentive Payment System MIPS Value Pathways MVPs framework.
House Committee on Rules released an updated version of the Build Back Better Act, largely preserving the policies outlined in the framework and legislative text released the week before.
Saturday, January 9, 2021
Highlights
A fourth federal COVID stimulus package, totaling $900 billion was signed into law on Dec. 27, 2020
The package, also known as the Coronavirus Response and Relief Supplemental Appropriations Act, 2021, extends many relief programs from the CARES Act
Relief funding is available to individuals, businesses, banks, healthcare providers, tribal governments, transportation, infrastructure, and more
For businesses, communities and individuals, the $900 billion stimulus package signed into law carries more than just the weight of its 5,000 pages.
The stimulus package – referred to as the Coronavirus Response and Relief Supplemental Appropriations Act, 2021 – extends a number of CARES Act pandemic relief programs, creates several new programs and makes technical corrections to resolve ambiguities and implementation difficulties discovered after the passage of the CARES Act.