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:12/7/2016)... ... December 07, 2016 , ... ... Business Brilliance Awards under the Best New Product Launch category. Gensuite’s entry on ... user experience. , BOC Global Events & Training Group is a professional event ...
(Date:12/7/2016)... ... December 07, 2016 , ... Maureen ... Program at Reproductive Medicine Associates of Connecticut (RMACT). McLaughlin brings nearly 20 years ... three acupuncturists to help patients realize their family building goals. Acupuncture helps ...
(Date:12/7/2016)... ... December 07, 2016 , ... “Tomorrow Trump Goes To Washington”: ... greatness back to the presidency and to America. “Tomorrow Trump Goes To Washington” is ... much as she can for this country. , Nancy attributes her patriotic nature to ...
(Date:12/7/2016)... ... ... Rides a Train” allows readers to tag along on a special shopping trip for ... creation of published author, Janet Morrison, who has been writing mostly poetry, essays, professional ... series is her first attempt at writing for children. Janet, Fred, and two cats ...
(Date:12/7/2016)... ... December 07, 2016 , ... The ... Innovation Summit in Reston, VA on March 21-22, 2017. This premier event features ... of experiences from a cross-section of industries such as financial services, insurance, healthcare, ...
Breaking Medicine News(10 mins):
(Date:12/6/2016)... LONDON , Dec. 6, 2016 Diabetes ... The diabetes and obesity disease cluster is currently ... (T1DM) and type 2 diabetes mellitus (T2DM), and the ... and quality of products, is attributable to these indications. ... a large market presence, there are a large number ...
(Date:12/6/2016)... 6, 2016 The pen needles market is ... USD 1.65 billion in 2016, growing at a CAGR ... 2021. Over the years, the pen needles market ... to the growing demand for safety injections in the ... of safety pen needles with an aim to reduce ...
(Date:12/6/2016)... Eurofins Genomics today announced it has ... American Pathologists (CAP) and certification under the Clinical ... in Louisville, KY , where ... "Our new CLIA-licensed and CAP-accredited clinical ... considered the ,Gold Standard, method for validation of ...
Breaking Medicine Technology: