Lawmakers on both sides of the political fence are considering cuts to Medicare and Medicaid programs — which could result in reduced payments to hospitals — as part of talks to raise the nation’s debt limit before the nation defaults on its debts. The cuts would be in addition to the roughly $500 billion in cuts hospitals already agreed to as part of the healthcare reform law.
Yesterday, debt talks grew even more contentious as President Obama reportedly walked out of negotiations with House Majority Leader Eric Cantor (R-Va.), according to a Bloomberg report. If no agreement is reached by the weekend, Obama may bring leaders to Camp David to work on a deal, according to the report.
Related Articles on the Debt Ceiling:
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
