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March 28, 2024
New bill would create payment incentives for the health sector to meet cyber standards
Summary
Introduced by Sen. Mark Warner in response to a severe ransomware attack on UnitedHealth's Change Healthcare, the Health Care Cybersecurity Improvement Act proposes legal framework to provide advanced and accelerated payments to healthcare providers during cyber incidents, conditional on meeting minimum cybersecurity standards. The Bill aims to cushion healthcare providers from financial strain during cyberattacks by adjusting the Medicare Hospital Accelerated Payment Program and the Medicare Part B Advance Payment Program, ensuring cash flow continuity provided both healthcare providers and their intermediaries adhere to established cybersecurity criteria. Scheduled to take effect two years after enactment, this legislation seeks to preemptively secure the healthcare sector against future cyber threats and maintain uninterrupted patient care services.
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