On January 13, 2021, Rep Bradley Schneider (D-IL) introduced H.R. 315, a bill to suspend Medicare sequestration until the end of the public health emergency (PHE). The 2 percent payment reductions are scheduled to restart on April 1, 2021. Extending the moratorium through the end of the PHE likely benefits suppliers through the end of this year.
In addition to putting much needed money into suppliers’ pockets to cover rising inventory and operational costs, H.R. 315 delivers a welcome future financial benefit. As it stands, Medicare and Medicare Advantage claims are subject to sequestration through 2030. Because the bill’s current text does not require Congress to extend the total sequestration period to pay for its moratorium extension, the net effect is a shortened sequester.
As of this writing, the bill has only eight co-sponsors. The bill must secure at least 218 votes to pass the House and move to the Senate for debate. Suppliers should encourage their representatives to support this measure because, without persistent pressure from constituents, it is unlikely to advance.
SOURCE LINKS
https://www.congress.gov/bill/117th-congress/house-bill/315/
In addition to putting much needed money into suppliers’ pockets to cover rising inventory and operational costs, H.R. 315 delivers a welcome future financial benefit. As it stands, Medicare and Medicare Advantage claims are subject to sequestration through 2030. Because the bill’s current text does not require Congress to extend the total sequestration period to pay for its moratorium extension, the net effect is a shortened sequester.
As of this writing, the bill has only eight co-sponsors. The bill must secure at least 218 votes to pass the House and move to the Senate for debate. Suppliers should encourage their representatives to support this measure because, without persistent pressure from constituents, it is unlikely to advance.
SOURCE LINKS
https://www.congress.gov/bill/117th-congress/house-bill/315/
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