Debt Ceiling - McKnight's Long Term Care News

Debt Ceiling

John O'Connor

Ongoing budget battles reveal a deeper problem

Many long-term care providers seem to be experiencing a case of budget battle fatigue right about now. Yes, it was earlier this year that a fiscal cliff compromise was reached. And now two more budget-related crises are about to kick in? Care to guess how these developments might affect your future reimbursement outlook?

Sen. Mitch McConnell (R-KY)

Medicare fund will be depleted by 2024, report finds

The annual Medicare Trustees report found that under current conditions, the Medicare hospital insurance trust fund will be exhausted by 2024, largely due to the bad economy. The same report, which was released Friday, projected that the Social Security trust fund also will be depleted by 2036, a year sooner than what was predicted last year.

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