The Medicare Sequester COVID Moratorium Act
Otolaryngologist- head and neck surgeons and the broader physician community remain deeply impacted as the COVID-19 pandemic persists. While the vaccine roll-out progresses, there is still concern that high COVID-19 rates will continue to stress the entire health care system, especially physician practices.
Last year, Congress helped ease the financial strain facing physician practices by providing a much-needed reprieve from the two percent Medicare payment sequester through the remainder of 2020. Realizing the ongoing severity of the situation, Congress again extended the sequester moratorium until March 31, 2021.
Unfortunately, even with the encouraging development and deployment of effective vaccines, physician practices will continue to face financial challenges and pressures associated with higher overhead costs (e.g., personal protective equipment) and lost revenue due to fewer patient visits and delayed elective procedures.
If Congress doesn’t act by March 31, the Medicare payment sequester will take effect, triggering a devastating financial impact on physician practices across the country, many of which are already strained to the breaking point. America’s physicians need relief! Please contact Congress and ask your Representative to cosponsor the "Medicare Sequester COVID Moratorium Act" to extend the Medicare sequester moratorium for the duration of this public health emergency!