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National, State Long Term Care Leaders Express Concern That FY 2010 Medicare Cuts Undermine, Contradict Intent of Economic Stimulus Law
Date:2/27/2009

Seniors' Care Needs, Stability of Long Term Care Workforce Put at Risk by FY 2010 Federal Medicare Cuts; New Lewin Data Validates Importance of LTC Sector to U.S. Economy, Jobs Base, Tax Revenue

WASHINGTON, Feb. 27 /PRNewswire-USNewswire/ -- In conjunction with releasing new national data showing the nation's long term care sector is a key driver of national and state economic activity and employment and tax revenue, state and national long term care leaders expressed alarm that Medicare cuts contained in the FY 2010 federal budget could undermine the intent of the recently-passed American Recovery and Reinvestment Act (ARRA) -- consequently derailing sector stability, placing seniors' care access in major jeopardy, and causing the loss of the very frontline care jobs key to the provision of quality care.

"We support President Obama's intent to achieve fundamental, systemic reforms to the U.S. health care system, but these efforts must be pursued in a manner that doesn't limit seniors' access to quality long term care," stated Bruce Yarwood, President and CEO of the American Health Care Association (AHCA) in reaction to the Administration's preliminary FY 2010 budget proposal. "We will work with the Administration to ensure that the final FY 2010 budget will stabilize our economy, protecting the care needs of seniors and the disabled, and creating the new front line healthcare jobs that make a difference in the lives of seniors and benefits every citizen."

In emphasizing the importance of the nation's long term care sector to overall U.S. economic activity, employment and the generation of federal and state tax revenue, Yarwood released new data from the Lewin Group, which illustrates that the long term care sector is a major driver of economic activity as it directly employs nearly 3 million individuals, generates $56.1 billion in tax revenue annually, and indirectly contributes $371.9 billion to the
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SOURCE American Health Care Association
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