Kelly Joins Bipartisan Call to Lower Medicare Accelerated and Advance Payment Program Interest Rates

Statement

Yesterday evening, U.S. Representative Mike Kelly (R-Pa.) joined a bipartisan group of members of Congress urging the Trump Administration to expand access to the Medicare Accelerated and Advance Payment Program for health care providers. In a letter, they urged the administration to lower the 10.25% interest rate for these loans.

"At a time when our health care providers are re-focusing to fight COVID-19 and sustaining revenue losses, advanced payments through Medicare help meet operating costs," said Kelly. "Unfortunately, the cost to access advance payments is too high, so I was proud to join my colleagues in urging HHS Secretary Alex Azar and CMS Administrator Seema Verma to use their existing authority to lower the 10.25% interest rate, which will help our doctors and nurses care for patients now and after this crisis passes."

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