New Bill: Representative Kevin Hern introduces H.R. 9468: Saving Today’s Acute-Care Resources Act

We have received text from H.R. 9468: Saving Today’s Acute-Care Resources Act. This bill was received on 2026-06-25, and currently has 2 cosponsors.

Here is a short summary of the bill:

This bill would change how Medicare pays long-term care hospitals (LTCHs), which are hospitals that treat patients needing extended inpatient care.

What the bill would do

Extend current Medicare “site-neutral” payment cuts through 2032. Under current law, some LTCH cases are paid at a lower, site-neutral rate instead of the usual LTCH rate. This bill would push that policy out from 2026 to 2032.
Add a new “high acuity” exception. Certain LTCH stays would still qualify for the higher LTCH payment rate if they meet specific conditions, including:
- the patient came to the LTCH right after a stay in a regular acute-care hospital or a critical access hospital;
- the patient was placed into a qualifying Medicare diagnosis group with a relative weight of 0.8 or higher, and not one based on ventilator use for 96 hours or more;
- the LTCH meets one of several status requirements, such as being already enrolled before the bill becomes law, already having begun its qualifying period, meeting certain construction/renovation “mid-build” requirements, or having an approved state certificate of need if required;
- the discharge occurs on or after October 1, 2026.
Broaden existing ICU and ventilator-based exceptions. For discharges on or after October 1, 2026, some current rules would also allow a patient’s immediate prior stay to have been in another LTCH or a critical access hospital, not just a regular acute-care hospital.

Practical effect

The bill would likely affect how much Medicare pays LTCHs for certain patient stays. In general, it would keep lower site-neutral payments in place longer, while also creating a new pathway for some higher-acuity cases to receive LTCH-level payments. It may also matter for hospitals that were already under construction or otherwise far along in becoming LTCHs, since the bill contains special rules for them.

Relevant Companies

LPNT - LifePoint Health (not publicly traded currently; no ticker on major exchanges) is not applicable.
THC - Tenet Healthcare could be indirectly affected if its facilities or patient referrals involve long-term acute-care or Medicare inpatient payment flows.
ACHC - Acadia Healthcare operates behavioral health facilities rather than LTCHs, so direct impact would likely be limited; included only because Medicare facility-payment changes can affect hospital networks broadly.
HCA - HCA Healthcare could be indirectly affected through patient transfers and referral patterns with LTCHs and acute-care hospitals.
UHS - Universal Health Services could be indirectly affected through hospital network and post-acute care relationships.
ENSG - The Ensign Group operates skilled nursing and post-acute facilities and could be indirectly affected by changes in Medicare post-acute payment dynamics.

Representative Kevin Hern Bill Proposals

Here are some bills which have recently been proposed by Representative Kevin Hern:

H.R.9468: STAR Act
H.R.9060: Precious Metals Parity Act
H.R.5463: Choice Arrangement
H.R.5267: American Franchise Act
H.R.5142: Home Health Stabilization Act of 2025
H.R.3512: Tackling Predatory Litigation Funding Act

You can track bills proposed by Representative Kevin Hern on Quiver Quantitative's politician page for Hern.

Representative Kevin Hern Net Worth

Quiver Quantitative estimates that Representative Kevin Hern is worth $113.4M, as of July 1st, 2026. This is the 16th highest net worth in Congress, per our live estimates.

Hern has approximately $27.9M invested in publicly traded assets which Quiver is able to track live.

You can track Representative Kevin Hern's net worth on Quiver Quantitative's politician page for Hern.

Representative Kevin Hern Stock Trading

We have data on up to $130.2M of trades from Representative Kevin Hern, which we parsed from STOCK Act filings. Some of the largest trades include:

A January 4th, 2023 sale of up to $5M of $MSFT. The stock has risen 62.82% since then.
A February 1st, 2023 sale of up to $5M of $PXD. The stock has risen 20.39% since then.
A September 20th, 2021 sale of up to $1M of $SPY. The stock has risen 72.05% since then.
A March 18th, 2026 sale of up to $1M of $TXN. The stock has risen 56.24% since then.
A March 18th, 2026 sale of up to $1M of $SMA. The stock has risen 1.59% since then.

You can track Representative Kevin Hern's stock trading on Quiver Quantitative's politician page for Hern.

2026 Oklahoma's 1st Congressional District Election

There has been approximately $7,597,716 of spending in Oklahoma's 1st congressional district elections over the last two years, per our estimates.

Approximately $612,221 of this has been from outside spending by PACs and Super PACs. Some of the groups who are spending money in this race include:

The rating for this race is currently "Solid R".

You can track this election on our matchup page for the 2026 Oklahoma's 1st congressional district election.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.