House passes bill to delay sequestration cuts
By HME News Staff
Updated 10:11 AM CDT, Mon March 22, 2021
WASHINGTON – The House of Representatives on Friday passed a bill that would extend the moratorium on the 2% Medicare sequestration cuts from March 31, 2021, to Dec. 31, 2021.
H.R. 1868, which passed 246-175, would also exempt the $1.9 trillion American Rescue Plan from the statutory Pay-As-You-Go Act of 2010, eliminating an additional 4% Medicare cut that would amount to about $36 billion in 2022.
On March 15, Sens. Susan Collins, R-Maine, and Jeanne Shaheen, D-N.H., introduced a bill that would extend the moratorium on the 2% Medicare sequestration cuts through the public health emergency. The “pay for” for the bill, S. 748, would extend the cuts to 2031, instead of 2030.
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