One week to go: Providers anxious about Medicare automatic spending cuts

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All eyes will be on Congress when it reconvenes Monday. Lawmakers will have just four days to act if they are to derail automatic spending cuts that would take 2% off the top of Medicare reimbursements. Senior housing and home- and community-based care funding would have it worse, both facing funding cuts of 5.1%. Many are resigned to the idea that the highly partisan Congress will not stop the “sequestration” from hitting, unlike late last year. But how badly it will ultimately affect long-term care and other services, no one really knows. There also has been speculation that lawmakers will let the sequestration cuts hit but then act to soften their blow in the near future. One silver lining for providers: Medicaid funding would not be affected by sequestration.