August 16, 2011
The Centers for Medicare & Medicaid Services' 11.1% reimbursement rate cut to skilled-nursing facilities will reduce Medicare payments to the entire sector by $79 billion over 10 years, according to a new report. The regulation, which is scheduled to go into effect Oct. 1, also will reduce national economic activity by $6.75 billion in FY 2012, according to a report released Monday by research firm Avalere Health.