Navigation Links
New PA Economic Study: Bush Medicare Cuts Compound State Medicaid Crisis
Date:6/10/2008

PA Projected to Lose $96.7 Million in Economic Activity, $45.5 Million in Lost Wages

WASHINGTON, June 10 /PRNewswire-USNewswire/ -- The American Health Care Association (AHCA) today released a new economic impact analysis finding the Bush Administration's proposed $770 million (national) Medicare Part A nursing home funding cuts will not only cost Pennsylvania seniors $37.7 million in essential health benefits in the year ahead, but cause the state to lose $96.7 million in total economic activity and $45.5 million in lost wages.

According to the new study, prepared by AHCA's research division, the following schedule illustrates the direct, indirect and induced impact of the Administration's pending Medicare cut on Pennsylvania, scheduled to go into effect this summer:

Direct Indirect Induced TOTAL

Business Activity Impact ($)

37,746,103 11,850,174 47,169,152 96,765,429

Income Impacts ($)

23,969,605 3,847,755 17,681,648 45,499,008

Direct Effect represents the impact (e.g. change in employment or revenues) for the expenditures and/or production values specified as direct final demand changes.

Indirect Effect represents the impact (e.g. change in employment) caused by the iteration of industries purchasing from industries resulting from direct final demand changes.

Induced Effect represents the impacts on all local industries caused by the expenditures of new household income generated by the direct and indirect effects of final demand changes.

Total Impact is the sum of the direct, indirect and induced effects.

Labor Income is the sum of employee compensation and proprietary income.

Economic Impact Analysis: Impact Analysis for Planning (IMPLAN) software, Minnesota IMPLAN Group, Inc., 2006 data.

Copyright, American Health Care Association, 2008

Bruce Yarwood, President and CEO of AHCA, said the Medicare regulations being changed by the Bush Administration are currently helping facilities throughout Pennsylvania successfully serve higher acuity patients -- at a lower cost than other settings. "Considering the fact existing Medicare policy is beneficial to both patients and the taxpayers who finance the program, it is especially curious this regulatory policy change is being pursued by the Administration," Yarwood said. Current policy, he added, saved Medicare $709 million in 2006 alone nationally, according to an independent analysis by Avalere Health, LLC.

"The Bush Administration's proposed Medicare cuts not only threaten Pennsylvania seniors' access to quality care throughout the state, but will also negatively impact our state's economy and local employment base to the detriment of every citizen," stated Stuart Shapiro, President and CEO of the Pennsylvania Health Care Association (PHCA). "Of equal concern is the fact that the federal Medicare cuts will further undercut the strength and viability of our state Medicaid program -- already facing severe stress as it relates to adequately funding nursing home care for Pennsylvania's most vulnerable seniors," he said.


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

Related medicine news :

1. New NH Economic Study: Bush Medicare Cuts Undermine State and Local Economic, Jobs Base
2. New Maine Economic Study: Bush Medicare Cuts Undermine State and Local Economic, Jobs Base
3. AARP: Under Heavy Economic Pressure, Hispanics 45+ Look To Workplace, Families
4. White Ribbon Alliance for Safe Motherhood Challenges World Economic Forum on Africa to Invest in Womens Health
5. Mental Health & Addiction Among Working Parents & Children Affects the Bottom Line: Research Shows Staggering Economic Impact
6. National Long Term Care Leaders to Release New Data, Discuss Negative National Economic, Jobs Impact
7. Recipients in Mexico Favor Receiving US-Sent Remittances Through Companies that Contribute to Local Economic Development and Job Creation Projects
8. New Lewin Group Analysis: Medicare Cuts for Nursing Facility Care Could Have Economic Impact Up to $4.2 Billion, Threaten Jobs
9. Americans Rank Health Care Near the Top of Their Economic Woes, New Poll Finds
10. Study finds that minimally invasive robotic bypass surgery provides health and economic benefits
11. New Report: Increasing Ohios Tobacco Tax Would Fund Economic Stimulus Plan and Preserve Highly-Successful Tobacco Prevention Program
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2017)... ... June 26, 2017 , ... If the devil is in ... red these days. According to recent estimates, 75 – 80% of the medical ... Some studies point to Electronic Health Records (EHR) with automated features designed to ...
(Date:6/25/2017)... CA (PRWEB) , ... June 24, 2017 , ... Create a feel-good lyric music video ... above footage and sound in the timeline and write in the lyrics to any song. ... flying back out. Each line of the text can be added modularly for optimal control. ...
(Date:6/25/2017)... , ... June 25, 2017 , ... With a heatwave currently bearing down on Northern ... out at the pool. Being swimsuit ready is easy with laser hair removal. , ... again can be a burdensome routine when all you want to do is get out, ...
(Date:6/24/2017)... ... June 24, 2017 , ... Dr. ... 217 Portion Road in Lake Ronkonkoma, Dental365 offers patients high-quality and affordable routine ... visits to the dentist fit into their patients’ busy lifestyles. Dental365 also gladly ...
(Date:6/23/2017)... ... June 23, 2017 , ... "The Better Care Reconciliation ... significant harm to people with all chronic conditions, including mental illnesses, while increasing ... place the Affordable Care Act (ACA) requirement that insurers cover pre-existing conditions, it ...
Breaking Medicine News(10 mins):
(Date:6/7/2017)... , June 7, 2017  Novavax, Inc., (Nasdaq: ... two Phase 2 trials of its RSV F protein recombinant ... bearing age have been published in the journal ... been shared in prior scientific conferences). The Company previously announced ... 2014. Novavax is developing the RSV F Vaccine with the ...
(Date:6/5/2017)... -- The Cincinnati location of Diplomat ... DPLO), has been awarded a Top Workplaces 2017 ... are based on an employee survey administered by WorkplaceDynamics, LLC, ... The survey measures several aspects of workplace culture, including alignment, ... ...
(Date:6/3/2017)... , June 3, 2017  Eli Lilly ... announced that results from the Phase 3 MONARCH ... (CDK)4 & 6 inhibitor, in combination with fulvestrant, ... with fulvestrant alone in women with hormone-receptor-positive (HR+), ... breast cancer who have relapsed or progressed after ...
Breaking Medicine Technology: