The House is set to pass a massive $816 billion economic stimulus bill that earmarks more than $100 billion in healthcare spending, including $87 billion more for state Medicaid budgets and another $22 billion to help move doctors and hospitals from paper to computers.
The health IT portion of the bill requires that HHS develop a set of initial health information standards by year-end, clearing the way for speedier adoption by the provider community. Under the bill, physicians could get up to $65,000 in provider payments under Medicare and Medicaid to help spur the adoption and use of electronic health records. Hospitals would be eligible for up to $2 million in payments. Providers who dont adopt the technology would face financial penalties in 2016.