AMA among groups calling for CARES Act tax penalty fix

The American Medical Association (AMA) was one of the members of a “wide-ranging coalition of nearly 20 health care provider organizations that represent doctors, nurses, hospitals, dentists and more” that signed a letter “calling on congressional leaders to fix a taxation penalty embedded in the CARES Act.”

AMA stresses that “Without congressional action, many providers will lose more than a fifth of the grant funds approved by Congress to sustain lifesaving care during the COVID-19 pandemic.”

The groups are asking lawmakers to “correct unintentional tax consequences of policies meant to provide vital funding to health care providers through the Public Health and Social Services Emergency Fund (also referred to as the Provider Relief Fund) and other programs as part of the nation’s response to the COVID-19 pandemic.”