To amend title XVIII of the Social Security Act to improve payments for home health services and for direct graduate medical education, and for other purposes.

[AI summary unavailable — showing source text] Amends title XVIII (Medicare) of the Social Security Act (SSA) to: (1) eliminate the 15 percent reduction in payment rates under the prospective payment system for home health services; and (2) modify payment adjustments, changing to a calendar year update, and increasing payments. Directs the Secretary of Health and Human Services to: (1) establish and appoint an OASIS Task Force to examine the data collection and reporting requirements under the Outcome and Assessment Information Set (OASIS) required under the Balanced Budget Act of 1997; and (2) review the standards used, by fiscal intermediaries in paying for home health services under Medicare, in allowing infrequent or short duration absences from the home for individuals eligible to receive such services. Amends SSA title XVIII to extend the update limitation on certain high cost programs. Prescribes a formula for the redistribution of unused full-time equivalent resident positions in the fields of allopathic and osteopathic medicine for a hospital with respect to the determination of direct graduate medical education costs. Requires the Medicare Payment Advisory Commission (MEDPAC) to examine the budget consequences of its …