Stimulus Package Will Have Significant Impact on Health Care Industry

The federal stimulus package, officially known as the American Recovery and Reinvestment Act of 2009 (the “Act”), signed into law on February 17, 2009, contains a number of healthcare provisions that will affect private insurance beneficiaries as well as Medicare and Medicaid providers. In addition to the billions of dollars in new appropriations, some of the more significant healthcare provisions covered by the Act include i) additional state Medicaid funding and Medicare payments for teaching hospitals, hospices, and long term care hospitals; ii) funding for comparative effectiveness research, and iii) a combination of incentives and penalties to encourage the use of health information technology and electronic health records by healthcare providers.

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