Navigation Links
New Lewin Group Analysis: Medicare Cuts for Nursing Facility Care Could Have Economic Impact Up to $4.2 Billion, Threaten Jobs
Date:5/1/2008

WASHINGTON, May 1 /PRNewswire-USNewswire/ -- A new analysis from the Lewin Group underscores the significance of skilled nursing facilities (SNFs) to the nation's economic activity. In reacting to the data, the American Health Care Association (AHCA) said potential Medicare cuts expected in a forthcoming Centers for Medicare and Medicaid Services (CMS) rule present a direct threat not just to the care of America's frail, elderly and disabled - but also to America's local, state and national economies, employment base and tax revenues.

"As it is appears to be the intent of CMS to proceed with regulatory-driven cuts to Medicare-financed nursing home funding, we intend to make it crystal clear to federal, state and local officials that the proposed cuts not only threaten seniors' access to quality care nationwide, but will also negatively impact the economy and employment base," stated Bruce Yarwood, President and CEO of AHCA. "From our perspective, and as the data confirms, the CMS-driven 'Forecast Error' Medicare cuts represent a 'lose-lose' proposition for seniors' care needs as well as the U.S. and local economies."

The Administration's estimate of the "Forecast Error" represents a direct cut of $720 million in economic activity in the first year. Using the IMPLAN(R) model database and software, which can create extremely detailed, community impact analyses, the Lewin Group estimates that the potential cut of up to $720 million would result in a total economic impact of $4.2 billion in the first year. In addition, a $720 million reduction in funding for long term care facilities will impact more than 40,700 jobs, over $1.6 billion in wages and salaries, and approximately $618 million in tax revenue in the first year alone.

"On every level, the CMS actions cutting Medicare funding are conceptually flawed," stated Yarwood. He also noted the fact that the Center on Budget and Policy Priorities issued a new report this week finding 31 states expect budget problems in the year ahead, and that some states have already adopted new or revised budgets that address their expected future shortfalls. "Inflicting further damage on a slowing U.S. economy, and hindering the ability of states to collect revenue to finance key priorities is yet one additional consequence of this misguided policy."

Contact: Susan Feeney

(202) 898-6333


'/>"/>
SOURCE American Health Care Association
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Broad-based group of physicians calls for improvement in stroke treatment
2. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael
3. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
4. HIDA Calls for Scrutiny of Group Purchasing Organization Distributor Fee Structure
5. New Research Uncovers how to Build and Maintain an Effective Competitive Intelligence Group
6. AMERIGROUP to Acquire Memphis Health Plan
7. Securians Minnesota Life Continues to Climb Group Life Rankings
8. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
9. Are Bargaining Groups Hired by Independent Drugstores Causing Payment Delays to Pharmacies?
10. Group B Strep: A Threat to Newborns That Doesnt Have to Be
11. Cynosure to Present at the Maxim Group Growth Conference
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:4/26/2017)... ... April 26, 2017 , ... The National Business Research ... National Registry of Emergency Medical Technicians and welcomes this organization to the ... Jan G. West, Ph.D. , CEO & Organizational Psychologist at NBRI. “This award ...
(Date:4/26/2017)... ... April 26, 2017 , ... RawTrition now brings you BioEnergy which ... nutrients from SUPERFOODS! , RawTrition is taking nutrients to the next level! ... the body recognizes its raw form (unlike the synthetically made options that are on ...
(Date:4/26/2017)... Doylestown, Pa. (PRWEB) , ... ... ... Solutions division, which provides an agile ecosystem and domain expertise for sponsors ... end-to-end, configurable randomization and trial supply management (RTSM) software platform. Bioclinica ...
(Date:4/25/2017)... ... April 25, 2017 , ... Splashtop ... Mirroring360 Pro . This new addition to the Mirroring360 product family combines device ... business. , Mirroring360 Pro enables educators, business professionals and individuals to stream or ...
(Date:4/25/2017)... ... April 25, 2017 , ... A stressful work environment can hurt the ... overall productivity and performance in the workplace. The goal of Clearview Resolution Services has ... weeks of April, Clearview Resolution Services will be shutting down the office early on ...
Breaking Medicine News(10 mins):
(Date:4/18/2017)... April 18, 2017  Cardinal Health (NYSE: ... fiscal 2017 earnings per share (EPS) guidance and providing ... is in conjunction with this morning,s announcement of the ... and Nutritional Insufficiency businesses. Cardinal Health now ... will be at the bottom of its previous guidance ...
(Date:4/18/2017)... 18, 2017 Viverae ® , a leader ... integration of IBM ® Watson Campaign Automation, implementing ... communications for a personalized experience. Through digital engagement, the ... health in real time. The enhanced experience drives engagement ... members, wherever they are in their journey to health. ...
(Date:4/18/2017)... , April 18, 2017  Astute Medical, Inc., developer ... series to be presented at the 2017 National Kidney ... today and continues through April 22. Physicians will present ... used to assess risk for acute kidney injury (AKI) ... failure (ADHF). Elevated levels of TIMP-2 ...
Breaking Medicine Technology: