Senators asked to sign letter urging CMS to fix inpatient payment proposal

Sens. Bob Menendez, D-N.J., and Kevin Cramer, R-N.D., are asking their colleagues to sign a letter by July 21 urging the Centers for Medicare & Medicaid Services to revise the hospital inpatient prospective payment system rule for fiscal year 2023 to more accurately reflect the cost of providing hospital care to patients. Specifically, the letter asks CMS to retrospectively adjust the market basket update for FY 2022 to account for unprecedented inflation, as well as consider holding off on the productivity cut for FY 2023.