09 Feb Budget Funding: Impact on Healthcare

As you may have heard when you woke up this morning, the government shut down briefly overnight prior to the President signing off on a spending bill this morning.  It is another incomplete fix for the need to fund the government long term, as there is a March 23rd deadline ahead to approve appropriations.  The spending bill included several significant healthcare measures.

These include:

  • An additional four years of funding for the Children’s Health Insurance Program (CHIP) – this is on top of the six years previously approved
  • Relaxes Meaningful Use requirements
  • $6 billion in funding toward the opioid epidemic
  • Two years of funding for community health centers
  • A change to the way Medicare Advantage plans can be structured
  • Expands telehealth services for Medicare beneficiaries
  • Provides for a shorter time frame for closing the coverage gap for Medicare Part D
  • Slower implementation for the Merit-based Incentive Payment System (MIPS)

These represent very significant effects in some meaningful areas of the industry.  Read more on this bill from Modern Healthcare.

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