President Donald Trump has signed Congress’ second major COVID-19 relief package which includes an increase in state Medicaid funding that hospitals liked and a requirement that insurers do not charge cost-sharing for services related to coronavirus testing.
Here’s a rundown of the major provisions of the Families First Coronavirus Response Act relevant to the healthcare industry. The Senate passed the bill 90-8, and President Trump immediately signed it.
Increase in Medicaid matching funds
The federal government’s Medicaid matching funds will increase across the board by 6.2%. Hospital groups including the Greater New York Hospital Association, Federation of American Hospitals and America’s Essential Hospitals supported the payment bump. Similar policies were enacted in two previous bailout packages in the 2000s….