by Robert King: For Complete Post, Click Here…
ngd- Good news…
President Biden signed into law legislation that pauses a 2% cut to Medicare payments through the rest of 2021.
Biden signed the law on Wednesday, nearly a day after the House voted 384-38 to pass the legislation for another extension of a moratorium on the cuts created under the sequester. Congress initially paused the cuts last year at the onset of the pandemic and have made several extensions since.
Technically the moratorium on the cuts ended on March 31 and the cuts went back into effect. However, the Centers for Medicare & Medicaid Services announced earlier this month that it was holding claims payments to ensure that providers are not impacted by the cuts.
Provider groups who have been lobbying Congress for another delay applauded the House vote.
“As this pandemic continues to push our frontline caregivers to the brink and stretch the resources of hospitals, the extension of the moratorium on the 2% Medicare sequester is a vital lifeline that will help ensure access to care for both COVID and non-COVID patients,” said Chip Kahn, president and CEO of the Federation of American Hospitals.