Consistent with the legal requirements to update Medicare payment policies for skilled nursing facilities annually, the Centers for Medicare & Medicaid Services (CMS) on April 2, 2026, issued a proposed rule for updates to Medicare payment policies and rates for skilled nursing facilities under the Skilled Nursing Facility (SNF) Prospective Payment System (PPS) for fiscal year (FY) 2027. Here, we track policy developments and news related to the rule as it progresses to finalization.