265.818 CARES Equity Act and Loan Forgiveness in the Medicare Accelerated Payment Program
The Medical Society of the State of New York will continue to work with the American Medication Association and the federation of medicine to improve and expand various federal stimulus program (i.e. Coronavirus Aid, Relief, and Economic Security (CARES) Act) to assist physicians in response to the Covid-19 pandemic, including:
- Re-starting the suspended Medicare Advance payment program, including significantly reducing the re-payment interest rate and lengthening the repayment period
- Expanding the CARES Act health care provider relief pool, and working to ensure that a significant share of the funding from this pool is made available to physicians in need regardless of the type of patients treated by those physicians
- Reforming the Paycheck Protection Program, to ensure greater flexibility in how such funds are spent and lengthening the repayment period.
The Medical Society of the State of New York (MSSNY) will ask that the AMA, in the setting of the COVID-19 pandemic, advocate for additional relief to physicians via loan forgiveness for medical school educational debt. (Amended and adopted, Council 6/4/20; HOD 2020-EM 5 & EM 6)
