On December 21, 2020, the 116th Congress adopted a massive $1.4 trillion omnibus spending package and a $900 billion COVID-19 relief package.  The legislation includes:  

• $3 billion in additional funding to the COVID Provider Relief Fund
• $284 billion to the Paycheck Protection Program for physician employers, which allows physicians to deduct expenses associated with these loans
• Changes to the Medicare physician fee schedule that mitigated the proposed cuts for almost every physician specialty
• An extension for several important health care programs
• 1,000 new graduate medical education residency training programs
• A surprise medical billing agreement that will finally protect patients from surprise bills while ensuring a more balanced process for insurers and physicians to resolve disputes 

See CMA's year-end federal legislative summary here. Click here to see a detailed summary from the American Medical Association (AMA), and click here to see AMA's Medicare payment impact chart by physician specialty.