Industry Note:
Looming Medicare Cuts From Super Committee Threaten Home Care
Published on Mon Oct 04, 2010
Budget-cutting efforts pick up steam as Thanksgiving deadline approaches. Home care providers may not have much to be thankful for in the super committee's budget-cutting deliberations. With up to $600 billion in Medicare cuts proposed, HHAs and hospices may have good reason to worry. Background: The so-called congressional super committee is tasked with generating at least $1.2 trillion in government spending cuts by Nov. 23. The 12-member committee has been working in relative secret since its inception this summer while being bombarded on all sides by lobbyists opposing cuts. Now the Democrats on the committee have put forth a proposal to cut $3 trillion, in part by including $400 billion in unspecified Medicare cuts. The Republicans have countered with a proposal that includes $600 billion in such cuts, according to press reports. The two parties are wrangling over whether to include tax increases in the package, and the impasse may [...]