Long-term care operators dodge proposed Medicaid cut

Share this article:

An attempt to reduce Medicaid provider assessment thresholds for long-term care operators has been averted, a provider group said Friday.

At the beginning of June, House Republicans proposed reducing the Medicaid provider tax threshold from 6% to 5.5% as a means of keeping the interest rate low on subsidized Stafford loans to students. The American Health Care Association, which lobbied lawmakers against the proposal, argued that providers view this assessment as an annual source of revenue. Lawmakers instead agreed to freeze subsidized student loan rates for another year at 3.4%, and raised premiums for federal pension insurance.

“Long-term and post-acute care providers are relieved that Congress found a more responsible way to fund the majority of the Stafford loan program,” AHCA President and CEO Mark Parkinson said in a statement.

Share this article:

More in News

Long-term care continues to lead in deal volume and value: PwC report

Long-term care continues to lead in deal volume ...

Long-term care bucked healthcare industry trends with strong merger and acquisition activity in the second quarter of 2014, according to newly released data from professional services firm PricewaterhouseCoopers.

Empowering nurse practitioners could reduce hospitalizations from SNFs, study finds

Granting more authority to nurse practitioners is associated with reduced hospitalization of skilled nursing facility residents, according to recently published findings.

Pioneer ACO drops out of program, despite reductions in skilled nursing utilization

A California healthcare system has become the latest dropout from the Pioneer Accountable Care Organization program, despite reducing skilled nursing facility utilization and improving its readmission rates. Sharp HealthCare announced its decision in a quarterly financial statement released Tuesday.