Budget deal extends Medicare's 2% cuts

Share this article:
Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) helped forge a bipartisan budget compromise.
Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) helped forge a bipartisan budget compromise.

Long-term care providers face an additional two years of reduced Medicare reimbursements under a federal budget compromise hammered out in December.

Under the deal, 2% Medicare reimbursement cuts implemented in 2013 will not end until 2023 — two years after originally scheduled. This is meant to offset increased spending as other programs get relief from the across-the-board cuts known as sequestration.

Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA), the leaders of their respective budget committees, stressed that passage would prevent continuing political crises. Their argument helped propel the bill through Congress and was cited by leaders of prominent long-term care associations.

LeadingAge CEO and President Larry Minnix expressed hope that Medicare and Medicaid payments now will remain stable during the two-year budget period. 


Share this article:

More in News

Facilities on high alert for Ebola in Ohio; authorities issue guidance

Facilities on high alert for Ebola in Ohio; ...

Federal and state organizations have released new Ebola guidance for healthcare workers in long-term care and other settings, following the second case of a nurse acquiring the virus in the ...

Nonprofit senior living margins increased by 50%, survey finds

Average operating margins increased dramatically in the last year for nonprofit senior living companies, according to a recent survey of C-suite executives.

Nursing home psychiatrist in federal custody on 52 counts of fraud, including ...

Authorities have arrested a nursing home psychiatrist and charged him with 52 counts of healthcare fraud, the U.S. Attorney for the Northern District of Texas announced Thursday.