Medicare Access and CHIP Reauthorization Act of 2015 explained

Shorttitle:Medicare Access and CHIP Reauthorization Act of 2015
Longtitle:An Act to amend Title XVIII of the Social Security Act to repeal the Medicare sustainable growth rate and strengthen Medicare access by improving physician payments and making other improvements, to reauthorize the Children's Health Insurance Program, and for other purposes
Colloquialacronym:MACRA
Nickname:Permanent Doc Fix
Enacted By:114th
Acts Amended:Social Security Act
Balanced Budget Act of 1997
Leghisturl:https://www.congress.gov/bill/114th-congress/house-bill/2/
Introducedin:House
Introducedby:Michael C. Burgess (R-TX)
Introduceddate:March 24, 2015
Passedbody1:House
Passeddate1:March 26, 2015
Passedvote1:392–37
Passedbody2:Senate
Passeddate2:April 14, 2015
Passedvote2:92–8
Signedpresident:Barack Obama
Signeddate:April 16, 2015

Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), commonly called the Permanent Doc Fix, is a United States statute. Revising the Balanced Budget Act of 1997, the Bipartisan Act was the largest scale change to the American health care system following the Affordable Care Act in 2010.[1]

Provisions

MACRA's primary provisions are:

MACRA related regulations also address incentives for use of health information technology by physicians and other providers. It created the Medicare Quality Payment Program.[2] Clinicians can choose to participate in the Quality Payment Program through the Merit-based Incentive Payment System (MIPS) or Advanced Alternative Payment Models (APMs).[3] MIPS is an incentive program that consolidates three incentive programs into one, for eligible physicians. APMs allow clinicians to earn incentives for participating in innovative payment models.[3] [4] In 2026, the conversion factor for both programs will be set at 0.75%.

The Government Accountability Office in partnership with DHHS is set to assist in the implementation of nationwide electronic health records[5] (EHR), while simultaneously comparing and recommending such programs for providers; the EHR goal is set for December 31, 2018 under MACRA.

The US is set to transition from a fee for service system, which allowed physicians and providers to bill Medicare and Medicaid for services they provided to their patients, to a pay for performance based system using MIP, APM, and Accountable Care Organizations (ACO).

Legislative History

Enacted on April 16, 2015, the Medicare Access and CHIP Reauthorization Act (MACRA) represents a landmark bipartisan effort to reform Medicare payments, emphasizing a shift from volume-based reimbursements to a system that rewards quality and value in healthcare.[6]

Related

External links

Notes and References

  1. Book: Zelman, William N. . Financial management of health care organizations : an introduction to fundamental tools, concepts and applications . 2020 . Michael J. McCue, Noah D. Glick, Marci S. Thomas . 978-1-119-55384-7 . 5th . San Francisco, CA . 21 . 1128885979.
  2. 10.1146/annurev-publhealth-040119-094327. free. The Impact of Medicare's Alternative Payment Models on the Value of Care. 2020. Liao. Joshua M.. Navathe. Amol S.. Werner. Rachel M.. Annual Review of Public Health. 41. 551–565. 32237986.
  3. Web site: Quality Payment Program. Centers for Medicare & Medicaid Services. 12 September 2020. 23 March 2020.
  4. Web site: MACRA: MIPS & APMs. 7 August 2017. www.cms.gov.
  5. https://www.congress.gov/bill/114th-congress/house-bill/2 H.R.2 - Medicare Access and CHIP Reauthorization Act of 2015
  6. Web site: Klausen . Kevin . 2024-01-16 . What Is MACRA? A Comprehensive Overview - Assurance IQ . 2024-02-14 . assurance.com . en-US.