News

Senate Passes Stimulus Package, Goes to House for Consideration

On March 25, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748), which now goes to the House of Representatives for consideration. Of note to skilled nursing facilities and assisted living facilities, the stimulus includes:

• A temporary suspension of Medicare sequestration cut
• $100 billion fund for eligible health care providers
• Deferral of 6.2% payroll tax
• $200 million in funding to prevent, prepare for, and respond to coronavirus
• Childcare support for health care sector employees
• New loan program for certain employers
• Funding for housing for the elderly and disabled

AHCA expects the House to pass this bill later this week, and once it passes, will offer a more detailed summary of the various provisions specific to long term care.