SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment

Never Miss a Story

Sign up for email alerts

 

More Industry Headlines

Hip fracture surgery reduces health care costs First study to look at societal impact

New technology can spot tiny strains in body tissues before injuries happen Imaging technology needs to get up to speed first

ACR calls for virtual colonoscopy coverage Coverage of fecal DNA testing set new precedent

First organ grown in animal using lab-created cells May be the foundation for thymus transplant treatment

Report suggests slow progress integrating electronic records with useful analytics Hospitals and vendors alike struggle to aggregate meaningful data

August's New Product Showcase This month's roundup of the latest industry products.

Video game console improves MS patients' balance MR shows changes in their brains

Simplified EHR alerts reduce hospital-acquired UTI infections Underscores need for simpler alerts

Medical imaging technology industry brings benefits to Washington Propels their economy and job market

Global laparoscopy device market will hit $12.3 billion Advances in ease of use and ergonomics

Obama announcing the
debt deal on
Sunday. (Credit: David Lienemann)

With debt deal done, could Medicare cuts be in the cards?

by Brendon Nafziger , DOTmed News Associate Editor
President Obama signed into law Tuesday afternoon a bill that raises the debt ceiling, staving off national default. The bipartisan bill cleared the Senate 74-26 earlier that same day -- the deadline for avoiding a potential financial catastrophe.

But some provider groups fret the last-minute legislation points to a potentially bumpy road ahead for Medicare reimbursements, as the bill includes a worst-case scenario 2 percent cut to Medicare reimbursements.

Story Continues Below Advertisement

New & Refurbished C-Arm Systems. Call 702.384.0085 Today!

KenQuest provides all major brands of surgical c-arms (new and refurbished) and carries a large inventory for purchase or rent. With over 20 years in the medical equipment business we can help you fufill your equipment needs



It also tasks a 12-member congressional committee with coming up with over a trillion dollars in further cuts. And some medical societies worry these could come from health care.

"America's hospitals find it difficult to support a debt ceiling proposal that could negatively affect Medicare for our nation's seniors," said Rich Umbdenstock, president and CEO of the American Hospital Association, in a statement.

The bill, following broadly the outline reached Sunday between Democrats and Republicans, aims to raise the debt limit by over $2 trillion while also cutting federal spending. The two-part plan lets President Obama raise the debt ceiling by $900 billion (part now, part in September), in exchange for a similar cut in spending over the next decade.

To raise the ceiling further, though, $1.5 trillion in savings will be have to be found and approved by Congress by Christmas. Tasked with drumming up these savings is a bipartisan, bicameral committee of 12.

But if Congress fails to find the savings or a balanced budget amendment isn't passed, the law triggers an automatic, across-the-board $1.2 trillion spending cut, including up to 2 percent in cuts to Medicare reimbursements to providers from 2013-2021. But the hope is that the cuts -- half of which are to defense spending -- will be so toxic to both parties that they'll hammer out a deal in time.

But the problem, observers note, is that at the end of the year, the push will also be on for Congress to raise the funds necessary to forestall the long-delayed, 29.5 percent sustainable growth rate cuts to Medicare physician payments, which are set to hit again in January.

Also, medical societies ultimately fear, the 12-member committee could see health care as an attractive target for cuts. In a release Tuesday, the American College of Radiology warned that the committee will "undoubtedly" look to fiddle with reimbursements.

"Cuts to imaging will likely be part of a larger package of physician reimbursement reductions," the group said on its website. "ACR will continue to educate lawmakers as to why further cuts to imaging are unnecessary and will adversely impact patient care."

Back to DOTmed News
  Pages: 1

Related:


Interested in Medical Industry News? Subscribe to DOTmed's weekly news email and always be informed. Click here, it takes just 30 seconds.
(9)

Carole Lamarque

Medicare cuts

August 05, 2011 10:32

Well..I do know there are abuses in "Medicare"
because it reimburses so well; in fact AARP ba-
ses it re-payments on Medicare. You know, when
one wishes to avoid something/cuts in this case,
one shd come up with a proposal for savings, as
in create a dept. made of experts in respective
fields, that would review,approve, or suggest another less/more but better test(s) to demons-
trate diagnosis. Insurance Companies used to have
such a review-process. They no longer do; hospi-
tals never thought of creating their own. Fact:
everyone was not really foreseeing, planning for
anything other than there always will be availa-
be resources. The system is still somewhat heal-
thy/some directions not all and will eventually
infect and destroy that system.

Log inor Register

to rate and post a comment

You Must Be Logged In To Post A Comment

Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2014 DOTmed.com, Inc.
ALL RIGHTS RESERVED