New Medicare Policies that Temporarily Boost Medicare and Medicaid Reimbursement
The CARES Act attempts to alleviate some of the financial strain on hospitals, physicians, and other health care providers through a series of new Medicare policies that temporarily boost Medicare and Medicaid reimbursement and allow for added flexibility.
Policy updates include:
During the period beginning on May 1, 2020 and ending on December 31, 2020, the Medicare programs under title XVIII of
the Social Security Act (42 U.S.C. 1395 et seq.) shall be exempt from reduction under any sequestration order issued before,
on, or after the date of enactment of this Act.
The annual 2% cut, or “sequester,” in Medicare payments to hospitals, physicians, and other providers is cancelled for the
rest of calendar year 2020. In order to offset the added expense of the 2020 cancellation, the CARES Act extends the sequester
by one year, through 2030. (Section 3709)
This post was first published April 1, 2020 and was updated July 29, 2020.
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ASC ADMINISTRATOR | SOUTHLAKE, TX
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