The federal payment cut, produced in 2011 by the Budget Control Act, is planned to cut federal spending by more than a trillion dollars by 2021. The cuts target all industries, but Medicare spending particularly undergoes a cut of 2 percent each year.
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The American Hospital Association, American Medical Association, American Health Care Association and National Association for Home Care & & Hospice penned the letter, arguing that remedy for the 2 percent Medicare sequester will assist health systems react to the pandemic..
The healthcare facility groups stated they are worried that the persistently high COVID-19 rates will continue to worry the whole health care system and providers will continue to face “financial obstacles and pressures related to higher overhead expenses due to personal protective equipment and other safeguards, lost income due to postponed elective treatments and/or given up regular visits, and threat pay to personnel.”.
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Four major healthcare facility groups are urging Congress to additional hold-up a 2 percent federally mandated Medicare payment cut.
Alia Paavola –
Wednesday, October 21st, 2020
Congress postponed the 2 percent cut in the Coronavirus Aid, Relief and Economic Security Act through completion of this year.
The groups now are getting in touch with Congress to pass legislation that will postpone the cuts until the general public health emergency situation ends..