Possible massive funding costs in the home healthcare sector could send more residents into institutional long-term care facilities — but that switch could mean higher costs for the Medicare program, experts warn.
The president's special debt-reduction 'super-committee' will hold a hearing Tuesday to review proposals, some of which include big healthcare-funding cuts. The secretive, bipartisan committee, which comprises lawmakers from both chambers of Congress, has been atypically tight-lipped about its ongoing discussions. Recommendations on how to eliminate more than $1 trillion in federal spending will be due no later than three weeks after Tuesday's hearing. A report earlier this week said panel Democrats are nearing agreement on a proposal that would cut about $400 billion in Medicare funding. However, details about where the cuts would be made, like many aspects of the panel's deliberations, were not specified. Long-term care providers have prepared themselves for potential 2% "across the board" cuts but fear they will be targeted for even more.