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:3/23/2017)... ... March 23, 2017 , ... ... businesses of the greater Fort Collins area, has unveiled a collaboration with nonprofit ... involvement program. Donations to this worthy cause may now be made at ...
(Date:3/23/2017)... , ... March 23, 2017 , ... After raising more ... FaceCradle , the most-funded travel pillow in crowdfunding history, has established a ... its wildly popular travel innovation to Americans. , “We’re excited to be operating on ...
(Date:3/23/2017)... ... March 23, 2017 , ... ?This conference will prominently feature 150+ Hospital and Health System ... AMN Healthcare: Susan Salka , 43rd President of the United States of America: ... My Life In and Out of the Ring: Sugar Ray Leonard , JD, ...
(Date:3/23/2017)... ... March 23, 2017 , ... Sharon Kleyne, host of the nationally syndicated ... Health on VoiceAmerica, recently talked on her program about how she is looking forward ... remind listeners of an important distinction. World Water Day, Kleyne pointed out, is an ...
(Date:3/23/2017)... Raton, FL (PRWEB) , ... March 23, 2017 ... ... of dietary supplements that help improve all aspects of people’s health and nutrition, ... website for nutritional products. , Natural Subsistence develops nutritional supplements that help ...
Breaking Medicine News(10 mins):
(Date:3/23/2017)...  The U.S. Food and Drug Administration today granted ... adults and pediatric patients 12 years and older with ... not received prior chemotherapy. This is the first FDA-approved ... skin cancer. "While skin cancer is one ... form called Merkel cell cancer have not had an ...
(Date:3/23/2017)... AUSTIN, Texas , March 23, 2017 /PRNewswire/ ... www.digitalpharmacist.com ), a rapidly growing digital ... PocketRx, a mobile app that allows patients to ... including multi-store locations such as Denver Health Pharmacy, ... app. The acquisition helps Digital Pharmacist accelerate its ...
(Date:3/23/2017)... , March 23, 2017  Interpace Diagnostics Group, ... a fully integrated commercial company that provides clinically ... announced that it has entered into agreements to ... RedPath Shareholders ("RedPath") and concurrently terminate its royalty ... outstanding secured debt to RedPath amounting to $9.34 ...
Breaking Medicine Technology: