Long-term care providers are closely monitoring two major lawmaking efforts in Washington this week that have both chambers of Congress debating a plan to end annual Medicare cuts and abolish painful "fixes" to the Medicare physician payment formula.
A Republican budget plan unveiled in the House of Representatives Tuesday would slash healthcare spending by $732 billion over the next decade, in part by reengineering Medicaid. The proposed changes could jeopardize benefits for a huge number of nursing home residents, critics said.
Long-term care providers face an additional two years of reduced Medicare reimbursements under a federal budget compromise hammered out in December.
Top House and Senate budget negotiators have carved out a deal that would end many parts of the across-the-board spending cuts known as sequestration, but long-term care providers would face an additional two years of reduced Medicare reimbursements.
Rep. Paul Ryan (R-WI) and Sen. Patty Murray (D-WA) met Wednesday to discuss budget negotiations. The architects of the House and Senate budgets had a "constructive discussion" and are "working to find common ground," according to a joint statement. Medicare funding is one major roadblock to an agreement.
Both houses of Congress passed budgets late last week, setting up the next phase of the ongoing debate over healthcare spending.
Now that we know there will be an NFL season, fantasy football leagues are roaring into shape around the land. I would have loved to be in the "war room" to hear the give-and-take for drafting teams of another kind recently. That would be the Democrat and Republican teams for the Deficit Reduction Super Committee Bowl, er, negotiations. They're going to decide what is to be sacrificed on the way to $1.2 trillion or more in funding cuts over the next decade.