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:5/26/2016)... ... May 26, 2016 , ... There are many ways to cook a hot ... suggests that Americans prefer their dogs straight off the grill. Of the 90 percent ... favorite way to cook a hot dog, far outpacing other cooking methods such as ...
(Date:5/26/2016)... ... , ... Connor Sports, through its Connor Cares initiative, will continue ... Catchings Legacy Tour that will commemorate the Indiana Fever legend’s hall-of-fame career and ... forms and levels of the game, Connor Sports has committed to a significantly increased ...
(Date:5/26/2016)... ... ... MadgeTech will be showcasing its line of data logging products , ... MadgeTech headquarters. With products sold in more than 100 countries around the world, MadgeTech ... , In 2012, NASA strategically set up 17 RHTemp101A MadgeTech data loggers around ...
(Date:5/26/2016)... ... May 26, 2016 , ... Memorial Day Weekend marks the ... Insurance is sharing tips to make sure your family and vehicle are ready ... Safety Council, there may be 439 deaths and an additional 50,500 serious injuries from ...
(Date:5/26/2016)... Rafael, CA (PRWEB) , ... May 26, 2016 ... ... will be offering campers a multitude of activities from daily practices, arts & ... self-confidence. , Camp Directors Amber East-D’Anna and Christy Evans have combined backgrounds in ...
Breaking Medicine News(10 mins):
(Date:5/25/2016)... May 25, 2016 MedDay, a biotechnology ... that an oral presentation entitled "High doses of biotin in ... will be given by Professor Ayman Tourbah , Principal ... of the European Academy of Neurology (EAN) in ... disorders 3" will take place on Sunday, 29 May 2016 ...
(Date:5/24/2016)... 24, 2016   ... primären Endpunkte und demonstriert Ebenbürtigkeit bei ... ‚ausgezeichneter plus guter , ...      (Logo: http://photos.prnewswire.com/prnh/20130829/633895-a ) ... positive Daten von der MORA-Studie der Phase III ...
(Date:5/24/2016)... May 24, 2016 Celsion Corporation (NASDAQ: ... company, today provided an update on its ongoing ... trial combining GEN-1, the Company,s DNA-based immunotherapy, with ... newly-diagnosed patients with advanced ovarian cancer who will ... GEN-1 is an IL-12 DNA plasmid vector formulated ...
Breaking Medicine Technology: