ICS Staff | Aug 25, 2021 | 0
Medicare Cuts Coming April 1st Without Action from U.S. Senate!
2% Sequester Moratorium Ends March 31st! Contact Your Lawmakers TODAY!
The Consolidated Appropriations Act of 2021 postponed the Medicare sequester moratorium and reimbursement cuts for an additional three months until March 31, 2021. However, without congressional action, these cuts will take place beginning April 1st. The passage of the recent $1.9 trillion American Rescue Plan Act of 2021 will cause an additional 4% sequestration cut in 2022 to satisfy federal law requiring across-the-board cuts to programs (including Medicare) if legislation affecting mandatory spending or revenues increases net deficits.
On March 19, 2021, the U.S. House of Representatives passed H.R. 1868, designed to postpone the 2% Medicare sequestration cuts through 2021 and protect Medicare from the 4% sequestration cuts associated with the $1.9 trillion American Rescue Plan Act of 2021. The bill now moves to the U.S. Senate for consideration.
As patients and health care providers across the nation continue to struggle financially in the wake of the COVID-19 pandemic, now is not the time to implement even further cuts. Postponing these cuts will ensure that access to chiropractic services remains available to Illinois’ Medicare beneficiaries while allowing chiropractic practices to remain financially viable as we move forward through the pandemic.