October 1, 2020 – The President signed into law a bipartisan government funding bill that averts a shutdown and will relax Medicare loan repayment terms for healthcare providers.

The bill would give providers one year after the Medicare Accelerated and Advance Payment Program loan was issued before recoupment would begin, an extension from 120 days under current law. The recoupment rate would also be lowered from its current 100% level to 25% for the first 11 months of repayment, and 50% for the six months afterward. Providers would have 29 months after payments to pay back the funds in full before interest would begin to accrue. The interest rate would be lowered from the current rate of 9.6% to 4%.

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