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

Bill 118 hr 6369, 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).

The bill proposes to extend the current incentive payment program, which rewards healthcare providers for participating in APMs that focus on improving the quality and efficiency of care for Medicare beneficiaries. These APMs are designed to move away from the traditional fee-for-service payment model and instead incentivize providers to deliver high-quality care at a lower cost.

By extending these incentive payments, the bill aims to encourage more healthcare providers to participate in APMs, ultimately leading to better outcomes for Medicare beneficiaries and potentially reducing overall healthcare costs. This extension would provide stability and support for providers as they transition to these new payment models. Overall, the Medicare Alternative Payment Model Incentive Extension Act seeks to promote innovation in healthcare delivery and payment systems, with the goal of improving the quality and efficiency of care for Medicare beneficiaries.