H.R.7759 - Saving Rural Hospitals from Closure Act116th Congress (2019-2020) |
|Sponsor:||Rep. Smith, Jason [R-MO-8] (Introduced 07/23/2020)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 07/23/2020 Referred to the Subcommittee on Social Security. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.7759 — 116th Congress (2019-2020)All Information (Except Text)
Introduced in House (07/23/2020)
Saving Rural Hospitals from Closure Act
This bill modifies requirements for the Medicare Accelerated and Advance Payment Program during the public health emergency relating to COVID-19 (i.e., coronavirus disease 2019). The program provides Medicare payments in advance to eligible providers experiencing claims or cash flow disruptions, such as during national emergencies; the program was specifically expanded in response to COVID-19 to encompass more types of providers, subject to certain recoupment and repayment provisions.
The bill allows the Centers for Medicare & Medicaid Services to forgive repayment, extend the recoupment timeline, and lower applicable interest rates for hospitals experiencing significant financial hardship (e.g., impending bankruptcy).