New injection of concern: Medicare Part A to become insolvent in 8 years, report says
May 13, 2009
If current trends continue, the Medicare Part A trust fund will become insolvent in 2017, according to the new annual report from the Social Security and Medicare Boards of Trustees issued Tuesday.
Nursing home groups suggest $1 billion Medicare cuts could cost even more
May 13, 2009
Nursing home representatives and healthcare groups continued their attacks against a proposed FY 2010 $1.05 billion Medicare reduction on Tuesday with the release of a report indicating the cuts could...
CMS threatens withholding stimulus funding if home health pay isn’t reinstated
May 13, 2009
When the California state legislature act to reduce the state’s maximum contribution to home healthcare workers’ pay from $12.10 per hour to $10.10 per hour, it violated the terms of the recently...
Obama proposes $17 billion in budget cuts, programs for the elderly and poor threatened
May 08, 2009
President Obama on Thursday proposed cuts of $17 billion from his new budget for both discretionary spending and entitlement programs, including Medicare and Medicaid. Various interest groups are expected...
Senate Special Committee on Aging addresses Medicare, Medicaid fraud in special hearing
May 07, 2009
The U.S Senate Special Committee on Aging met Wednesday to discuss prevention of Medicare and Medicaid fraud, which costs taxpayers more than $60 billion a year, according to Sen. Mel Martinez (R-FL),...
Nursing home operators howl as government proposes slashing Medicare payments by $1 billion
May 04, 2009
The Centers for Medicare & Medicaid Services set off a backlash from nursing home operators late Friday afternoon when it proposed “adjustments” that would cut Medicare payments by $1.05 billion...
Baucus, Grassley propose ‘bundling’ of post-acute payments; nursing home groups object
Apr 30, 2009
Sens. Max Baucus (D-MT) and Charles Grassley (R-IA) this week released several policy ideas for revamping America’s healthcare delivery system. Many of these would affect the long-term care and post-acute...
Report: Nursing home stocks weathering economy OK, but reimbursement concerns loom
Apr 27, 2009
At least a handful of for-profit nursing home companies’ stock values are holding strong, despite an overall shaky economy, a new Dow Jones report notes. The key has been relatively stable Medicare...
Most nursing home residents soon to receive $250 as part of stimulus bill
Apr 24, 2009
This time next month, long-term care residents should pay particularly close attention to their mail. That is because most are set to receive a one-time payment of $250 as part of the American Recovery...
Budget amendment would end bonuses for nursing homes with violations
Apr 07, 2009
In the wake of the American Insurance Group (AIG) bonus scandal, the Senate approved an amendment to the budget bill that would eliminate bonuses paid to nursing homes and other government contractors...