MEDICARE CAPITAL ASSET SALES PRICE EQUAL TO BOOK VALUE.

SEC. 4404. MEDICARE CAPITAL ASSET SALES PRICE EQUAL TO BOOK VALUE. (a) In General.—Section 1861(v)(1)(O) (42 U.S.C. 1395x(v)(1)(O)) is amended— (1) in clause (i)— (A) by striking “and (if applicable) a return on equity capital”; (B) by striking “hospital or skilled nursing facility” and inserting “provider of services”; (C) by striking “clause (iv)” and inserting “clause (iii)”; and (D) by striking “the lesser of the allowable acquisition cost” and all that follows and inserting “the historical cost of the asset, as recognized under this title, less depreciation allowed, to the owner of record as of the date of enactment of the Balanced Budget Act of 1997 (or, in the case of an asset not in existence as of that date, the first owner of record of the asset after that date).”; (2) by striking clause (ii); and (3) by redesignating clauses (iii) and (iv) as clauses (ii) and (iii), respectively. (b) Effective Date.—The amendments made by subsection (a) apply to changes of ownership that occur after the third month beginning after the date of enactment of this section.