HR 6487
No Fees for EFTs Act
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Bill overview
This bill, the No Fees for EFTs Act, aims to prevent health plans from charging health care providers fees for electronic fund transfers and related payment processes. It specifically modifies a section of the Social Security Act to prohibit these fees, ensuring that providers aren't penalized for using electronic methods to receive payments. The goal is to simplify billing and reduce administrative burdens for healthcare professionals. This change would take effect on January 1, 2024.
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