The good news about sequestration cuts slated to start in January: They will not touch Medicaid. The bad news: Medicare funding will trimmed by 2% — or $11 billion — in the next year alone.
For long-term care operators, that will mean $782 million in reimbursement reductions, according to an industry assessment paid for by the Alliance for Quality Nursing Home Care.
Three Senators — John McCain (R-AZ), Lindsey Graham (R-SC) and Kelly Ayotte (R-NH) — are saying the GOP never should have let sequestration happen. “We share the blame for this, but at the end of the day we have to fix it,” Graham said.
President Obama signed a bill in August requiring the White House to report to Congress within 30 days on how it plans to implement the pending cuts. They were triggered when the Congressional supercommittee failed to reach a compromise late last year.
From the September 01, 2012 Issue of McKnight's Long-Term Care News
