Stimulus Bill Includes Funds for Health Care
The House and Senate passed the final version of the stimulus bill (H.R. 1) Feb. 13. President Obama signed the $787 billion economic stimulus bill Tuesday. Several provisions in the bill provide additional funding for health care across a wide range of programs and initiatives. We have summarized these items for your information.
The bill will provide:
$8.5 billion for National Institute of Health (NIH) to study diseases such as Alzheimer’s, Parkinson’s, cancer and heart disease
$1.5 billion for NIH to renovate university research facilities
$17 billion to accelerate adoption of health information technology (HIT) systems by doctors and hospitals
Approximately $87 billion over the next two years in additional federal matching funds to help states maintain their Medicaid programs
A 60 percent subsidy for COBRA premiums for up to nine months
$1 billion for a new Prevention and Wellness Fund
$1.1 billion for comparative effectiveness research
The AAPC will continue to update members on how this and other legislation will affect the health care industry.
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