Debt Reduction

GOP bill discounting Medicare bad debt ignites skilled nursing backlash

GOP bill discounting Medicare bad debt ignites skilled nursing backlash

Advocates for skilled nursing operators started a counteroffensive Monday in Washington to fight bad-debt provisions of a new House GOP spending bill. Introduced Friday, the bill asks skilled nursing operators to absorb more than $4.5 billion of $10 billion in bad debt losses.

Bill would exempt providers from automatic Medicare cuts

Many long-term care providers feel they earned at least a moral victory late last month when the president's so-called debt-reduction "super committee" could not agree on recommendations. That meant nothing worse than automatic 2% across-the-board cuts could be imposed. Now, there may be a reprieve on the horizon from even the 2% cuts.

Will they or won't they (recommend payment cuts)? All eyes on the debt reduction 'super committee'

Providers, and the rest of the country, will learn Wednesday whether President Obama's congressional "super committee" has agreed on a combination of funding cuts and tax increases that total $1.2 trillion. Technically called the President's National Commission on Fiscal Responsibility, it has been extremely tight-lipped about its work of several months. If the bipartisan mix of Senate and House members can't agree on recommendations, automatic 2% funding cuts will begin in 2013. Fearful that any alternative could be worse, many providers are hoping for the 2% across-the-board cuts, and some have already factored them into future planning.