To amend title XVIII of the Social Security Act to extend incentive payments for participation in eligible alternative payment models under the Medicare program.

Bill 118 hr 6310, also known as the "Medicare Alternative Payment Model Incentive Extension Act," aims to make changes to title XVIII of the Social Security Act in order to extend incentive payments for healthcare providers who participate in eligible alternative payment models (APMs) under the Medicare program.

The bill seeks to encourage healthcare providers to participate in APMs by offering financial incentives. APMs are payment models that reward healthcare providers for delivering high-quality, cost-effective care to Medicare beneficiaries. By participating in APMs, healthcare providers can earn additional payments and bonuses based on their performance.

The proposed legislation would extend the current incentive payment program for APM participation, which is set to expire. This extension would provide healthcare providers with continued financial support for their participation in APMs, helping to ensure the stability and success of these alternative payment models. Overall, the "Medicare Alternative Payment Model Incentive Extension Act" aims to promote the adoption of APMs among healthcare providers, ultimately leading to improved quality of care and cost savings within the Medicare program.