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The Preserving Access to Home Health Act of 2023 was introduced with the primary aim of preventing future cuts to home health payments beyond 2024. If passed, the bill would curtail the Centers for Medicare & Medicaid Services (CMS) authority over payment-rate setting and require the Medicare Payment Advisory Commission (MedPAC) to consider Medicare Advantage (MA) payment rates in its reports. This legislation seeks to limit CMS's ability to make permanent or temporary adjustments to payment rates, providing more stability to home health providers. Amidst historically high inflation, home health providers saw a meager 0.7% payment increase in 2023, with CMS proposing a substantial -7.85% adjustment to home health payments, already implementing half of it (-3.925%) in 2023.
The Preserving Access to Home Health Act of 2023 was proposed to prevent future home health payment reductions beyond 2024. If enacted, the bill would restrict Centers for Medicare & Medicaid Services (CMS) control over payment-rate setting and mandate the consideration of Medicare Advantage (MA) payment rates by the Medicare Payment Advisory Commission (Med PAC). The aim is to enhance payment rate stability for home health providers. Despite historically high inflation, providers experienced only a nominal 0.7% payment increase in 2023, with CMS proposing a significant -7.85% adjustment, already implementing -3.925% in 2023.
Continue reading at homehealthcarenews.com
Medicare Advantage (MA) has garnered attention as a potential revenue source for home care providers, while long-term care insurance (LTCI) has remained relatively overlooked. Recently, home care …
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