Hospital Executives Worry Fiscal Talks Will Further Cut Medicare
New York Times report.
As lawmakers scurry to craft a deal before broad spending cuts and tax hikes take effect at the end of the year, many discussions are finding agreement that Medicare savings should come from large-scale providers, according to the report.
After House Speaker John Boehner agreed this week to raising taxes on the very wealthy, President Obama proposed $300 billion in Medicare cuts over 10 years, although Republicans want as much as double that amount in savings, according to the report.
Various hospital officials told the Times although Medicare is growing too rapidly, the Patient Protection and Affordable Care Act has already cut $155 billion from them over 10 years. Advocates of the proposal defended the cuts saying much could come from eliminating wasteful spending.
Rural and urban teaching hospitals could be in danger of losing already-shrinking special federal funding, according to the report.
More Articles on the Fiscal Cliff:
© Copyright ASC COMMUNICATIONS 2012. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.