Alliance For Quality Nursing Home Care - McKnight's Long Term Care News

Alliance For Quality Nursing Home Care

Alan Rosenbloom

Campaign 2012 boosted importance, value of nursing home care in public policy dialogue

Despite the customary complaints about negativity and the avalanche of TV ads, the 2012 campaign was unusually substantive from the standpoint of the entitlement reform discussion because both sides were required to make their best arguments about how we as a nation will protect seniors’ Medicare funding in an era of unprecedented fiscal chaos.

Study: Nursing homes to lose $79 billion in funding

The Centers for Medicare & Medicaid Services’ 11.1% reimbursement rate cut to skilled-nursing facilities will reduce Medicare payments to the entire sector by $79 billion over 10 years, according to a new report. The regulation, which is scheduled to go into effect Oct. 1, also will reduce national economic activity by $6.75 billion in FY 2012, according to a report released Monday by research firm Avalere Health.

Provider shares take a hit on news of CMS reimbursement cuts

Shares of major skilled nursing facility operator stocks took a nosedive Monday morning following Friday’s announcement that the Centers for Medicare & Medicaid Services are cutting Medicare reimbursements to SNFs by 11.1%, starting Oct. 1. Operators Sun Healthcare, Skilled Healthcare and Kindred Healthcare lost more than a quarter of their market value on Monday, according to published reports.

Sebelius defends Obama’s plan on entitlement reform

Appearing in a hearing before the House Education and Workforce Committee on Thursday, U.S. Health and Human Services Secretary Kathleen Sebelius went to bat for the Obama administration’s entitlement reform plan in the Affordable Care Act. She also criticized Rep. Paul Ryan’s (R-WI) FY 2012 budget proposal, according to a report from The Hill.

Next post in News