This week, the Centers for Medicare and Medicaid Services issued their proposed rule on hospital Inpatient Prospective Payment System (IPPS) rates for fiscal year 2022. The proposed rule is scheduled to be published on May 10^th; the unpublished language can be downloaded here. The proposal includes a 2.8% increase to payment rates, 1,000 new Medicare-funded medical residency slots and exclusions of select respiratory-related performance data from quality programs because of the pandemic. The rule also proposes to repeal the requirement to post the median payer-specific negotiated charge on the cost report; this is different from the price transparency rule currently being litigated by the AHA. AHPA is in the process of analyzing this rule and its potential impact; a detailed summary of IPPS FY 2022 will be included in the next edition of the Policy Brief.