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COVID-19 Hospital Aid: Loan Forgiveness and Patient Protection

This act aims to convert loans given to hospitals and healthcare providers during the COVID-19 pandemic into non-repayable grants, provided certain conditions are met. It also ensures that COVID-19 patients are not charged extra for out-of-network treatment, protecting their personal finances.
Key points
Hospitals and healthcare entities that received accelerated payments during the pandemic may not have to repay them if they meet conditions, such as using at least 60% of funds for employee compensation and not surprise billing COVID-19 patients.
The act protects COVID-19 patients from unexpected bills for out-of-network treatment by requiring insurers to pay as if the service was in-network.
It establishes financial mechanisms to ensure the solvency of Medicare trust funds by transferring amounts from the General Fund of the Treasury, aiming to maintain healthcare service availability for citizens.
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Additional Information
The COVID-19 Hospital and Health Provider Loan Conversion Act of 2021
Print number: HR 1349
Sponsor: Rep. Kaptur, Marcy [D-OH-9]
Process start date: 2021-02-25