Roughly $415 billion of those cuts will come from Medicare payment reductions to providers: $260 billion from hospitals, $66 billion from home health agencies and billions more from skilled nursing facilities, hospices, physicians and other providers. The remainder of the savings will come from payment reductions within the Medicare Advantage program, cuts to Medicare/Medicaid disproportionate share hospital payments and other reductions to Medicare spending.
The following eight states will take on roughly $282.1 billion — or 39 percent — of the $716 billion in Medicare cuts over the next decade, according to the report.
• California — $60.6 billion
• Florida — $44.4 billion
• Texas — $43 billion
• New York — $39.9 billion
• Pennsylvania — $28.2 billion
• Illinois — $22.5 billion
• Michigan — $22.3 billion
• Ohio — $21.2 billion
More Articles on Provider Medicare Cuts:
Innovative Solutions or Market-Based Incentives: How Should Health Costs Be Controlled?
What Hospitals are Doing to Prepare for Medicare Readmission Penalties
Medicare Reforms Projected to Save Hospitals, Providers $5B
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