Amends title XVIII of the Social Security Act to adjust allowable costs for nursing and allied health education programs.
Includes all direct and indirect costs incurred by hospitals participating in accredited nursing and allied health education programs as reasonable costs.
Defines “related entity” in relation to hospitals for cost allocation purposes.
Requires the Secretary of Health and Human Services to issue necessary rules within 120 days of enactment to implement these amendments.
Prohibits the recoupment or reduction of Medicare payments to hospitals for costs related to approved nursing or allied health education programs.
Mandates refunds to hospitals for any amounts recouped or reduced for these costs within the six years prior to enactment.
