The president delivered unsettling news to nursing homes last month. He recommended trimming Medicare and Medicaid by $313 billion over 10 years to help pay for healthcare reform.
“Any honest accounting must prepare for the fact that healthcare reform will require additional costs in the short-term in order to reduce spending in the long-term,” President Obama said prior to his radio address June 13.
The reductions would include $14.4 billion in cuts to nursing homes, long-term care hospitals, and inpatient rehabilitation hospitals. They also would include saving $110 billion from productivity adjustments to the payments of Medicare providers.
In his fiscal 2010 budget proposal, the president called for $635 billion in Medicare and Medicaid reductions. If Congress acts on his suggestions, cuts would total nearly $950 billion during the next decade.
From the July 01, 2009 Issue of McKnight's Long-Term Care News
