U.S. Sen. Lamar Alexander is sponsoring bipartisan legislation in companion to a House bill to change a formula that is used in determining how much hospitals get in reimbursement from Medicare.
The bill establishes a 0.874 as the national floor for the average wage index, or AWI, which is used as a multiplier for determining what Medicare reimburses hospitals. The legislation, called the Fair Medicare Hospital Payments Act of 2016, is the Senate version of a bill sponsored by U.S. Rep. Diane Black, R-Tenn.
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