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Medicare Regulation Could Cost Ohio Business Activity, Cut Jobs |
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Medicare Regulation Could Cost
Ohio Business Activity, Cut Jobs
The American
Health Care Association (AHCA) and Alliance for Quality Nursing Home Care have
warned that implementation by the Centers for Medicare and Medicaid Services
(CMS) of a Medicare regulation from the Bush administration will substantially
undercut the President Obama’s economic stimulus and job creation policies, Cost
the U.S. $2.5 Billion in business activity, and cut over 30,000 jobs. In Ohio,
the projection
indicates $99,032,887 lost in business Activity and a cut of more than 1600
jobs. The AHCA economic
impact analysis finds the Administration’s proposed one-year $1.05 billion
reduction in Medicare Part A SNF expenditures – projected to be a $7.23 billion
five-year cut by the Administration’s proposed budget – has a substantial,
negative impact on America’s local, state, and national economies. The
regulation is the case-mix recalibration that CMS proposed last year, which
would reduce reimbursement by $1.05 billion, which is far in excess of the $660
million market basket increase.
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