The report found that nearly 20 percent of institutional healthcare providers would make no profit within a decade if the cuts go through.
The proposed cuts are particularly worrisome to facilities that care for a large number of Medicare patients, and the report warned that hospital may opt out of Medicare as a result, which could reduce access to care for Medicare beneficiaries.
Proponents of the cuts argue that such Medicare opt-outs will not materialize, according to the report.
The savings created by the Medicare cuts would reduce premiums and cost-sharing for beneficiaries and could extend the viability of the program by nearly 10 years, according to the report.
Read the Washington Post’s report on Medicare cuts.
