What is the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA)?

MACRA is a bipartisan legislation passed into law on April 16, 2015 that resulted in the Quality Payment Program, as well as a sizable extension of CHIP.

Why is the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) important in healthcare?

MACRA officialized a new framework for clinician reimbursement that rewards quality of care over high patient volume. This was a major step in the move towards value-based care for the U.S. — opposing the long-standing fee-for-service approach standard for most providers within the country.

The extension of CHIP is another a major contribution of this legislation. CHIP helps to ensure that children and pregnant women across the U.S. who cannot afford private healthcare — but also fall too far above the federal poverty line to qualify for Medicaid — are given the coverage they deserve.

MACRA also required providers to remove Social Security Numbers (SSNs) from all Medicare cards by April 2019 for improved security purposes.