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US Senators John Barrasso (R-WY) and Sheldon Whitehouse (D-RI) have introduced a bipartisan bill that would extend value-based payment incentives for healthcare providers participating in Medicare’s alternative payment models (APMs).
The Preserving Access to Value-Based Care Act will extend the 5 percent advanced APM incentive payment for an additional two years. In addition, the bill ensures that qualification thresholds remain attainable for providers participating in advanced APMs.A
Without action, the 5 percent incentive payment will expire at the end of the year. Around 300,000 clinicians receive the incentive on their Medicare payments, mainly through participating in risk-bearing accountable care organizations (ACOs). If Congress allows the incentives to expire, it could discourage future participation in value-based payment models.