Q: Some major REITs are trying to unload their skilled nursing homes, the Wall Street Journal recently reported. What's Sabra's position on SNFs?
Because Medicare's growth rate will not eclipse a certain threshold, the program will be spared from potential Medicare cuts called for in the healthcare reform law, a top government official said.
The White House's proposed budget includes $81 billion in Medicare payment reductions to long-term care providers. The reductions would take place over 10 years, as part of the Obama administration's plan to reduce healthcare spending by $400 billion.
The 2% reduction in Medicare payments known as sequestration began Monday. Providers should begin to see the impact by mid-April. The reductions will affect claims with dates of service or discharge on or after April 1, 2013.
A Democratic proposal to replace the sweeping automatic spending cuts known as the sequester appears unlikely to pass the Senate, leading lawmakers and political observers to predict the $85 billion in cuts will take effect as scheduled on March 1.
Nursing homes can survive recent Medicare and impending Medicaid cuts by embracing the use of technology to reduce staffing costs, said experts in a McKnight's webinar Thursday.
President Obama defiantly said he would fight any repeal efforts to his health care reform platform but added in his State of the Union address Tuesday night that he would remain open to ideas for improving it. He also called for more spending cuts to Medicare and Medicaid but didn't offer any specifics.
Frustration over healthcare reform's Medicare cuts is driving seniors to vote and even campaign for politicians opposed to the Obama administration's Medicare cuts, according to news reports.