MedPAC Recommends Slashing Hospital Payments: Are More Cuts To Come?
This article was originally published in The Gray Sheet
Executive Summary
MedPAC's suggestion that hospitals receive a market basket minus 0.4% reimbursement update in 2006 for inpatient and outpatient services could be followed by additional Medicare cuts
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MedPAC to cut hospital payments
The American Hospital Association urges Congress to overrule MedPAC's Jan. 10 recommendation that hospitals receive a market basket minus half of the 0.9% expected productivity growth for hospital inpatient and outpatient services in fiscal year 2007. "MedPAC's recommendation for less than a full market basket update is very troubling and threatens hospitals' ability to continue to provide vital health care services," AHA states. The reduction in payments follows a similar move last year (1"The Gray Sheet" Jan. 17, 2005, p. 20)...
MedPAC to cut hospital payments
The American Hospital Association urges Congress to overrule MedPAC's Jan. 10 recommendation that hospitals receive a market basket minus half of the 0.9% expected productivity growth for hospital inpatient and outpatient services in fiscal year 2007. "MedPAC's recommendation for less than a full market basket update is very troubling and threatens hospitals' ability to continue to provide vital health care services," AHA states. The reduction in payments follows a similar move last year (1"The Gray Sheet" Jan. 17, 2005, p. 20)...
MedPAC endorses cuts in hospital payments
"Updated recommendations of market basket minus 0.4% for inpatient and outpatient payments will balance an incentive for fiscal discipline with concern for the trend in Medicare margins," the Medicare Payment Advisory Commission states in its March report. The wording is in line with earlier statements by the commission (1"The Gray Sheet" Jan. 17, 2005, p. 20)...