Many long-term care providers seem to be experiencing a case of budget battle fatigue right about now. Yes, it was earlier this year that a fiscal cliff compromise was reached. And now two more budget-related crises are about to kick in? Care to guess how these developments might affect your future reimbursement outlook?
Failed budget deficit negotiations in Congress could result in an $11- billion reduction in payments to Medicare providers, a government analysis released Friday predicts.
Members of the congressional "super-committee" announced Monday that the panel has failed to devise a deficit reduction plan ahead of its Wednesday deadline, drawing sharp criticism from provider groups. The 12-member, bipartisan committee was tasked with finding a way to trim $1.2 trillion from the federal budget deficit over 10 years by a Nov. 23 deadline.
Don't shift federal Medicaid funding obligations onto states. That was the message in a letter the nation's governors sent to the White House and top lawmakers this week.
President Obama outlined his plan Wednesday to cut the nation's deficit by $4 trillion in 12 years but also vowed to preserve entitlement programs, including Medicare, Medicaid and Social Security.
House Republicans, who will take control of the chamber today, intend to stick to their campaign promise to cut domestic spending by $100 billion.