Posts Tagged ‘hospital services’

January 3, 2013

Health Care News

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Not all surprises are good. When it comes to Obamacare, the original projections are turning into unfortunately different realities. For the next five days, Heritage is going to highlight one of the various changes in Obamacare projections (e.g. cost, enrollment, etc.) from when the law first passed until now.

Obamacare makes across-the-board payment cuts to Medicare providers.

In 2010, the Congressional Budget Office (CBO) estimated that Obamacare would reduce Medicare spending by over $500 billion from 2010–2019.

In 2012, the CBO updated its estimate to total $716 billion in Medicare payment cuts from 2013–2022. The payment cuts will be made to Medicare Advantage, hospital services, home health services, nursing home services, and more.

Surprise: Medicare payment reductions are now estimated to be $200 billion more than they were in 2010. But the real surprise is that despite Medicare’s serious financing issues, these Medicare “savings” are used to pay for new spending in Obamacare, not to improve Medicare’s solvency.

12 Days of Obamacare Surprises:

7. Loss of employer-sponsored insurance…

6. A 50/50 split on enrollment estimates…

5. More uninsured Americans…

4. Increased exchange subsidies…

3. Big tax increases…

2. The small business tax credit…

1. And the individual mandate.

Donald Schneider is currently a member of the Young Leaders Program at The Heritage Foundation. For more information on interning at Heritage, please visit: http://www.heritage.org/about/departments/ylp.cfm.

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August 1, 2012

Health Care News

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Last week, a new Congressional Budget Office (CBO) report updated the amount of money Obamacare robs out of Medicare from $500 billion to a whopping $716 billion between 2013 and 2022.

According to the CBO, the payment cuts in Medicare include:

  • A $260 billion payment cut for hospital services.
  • A $39 billion payment cut for skilled nursing services.
  • A $17 billion payment cut for hospice services.
  • A $66 billion payment cut for home health services.
  • A $33 billion payment cut for all other services.
  • A $156 billion cut in payment rates in Medicare Advantage (MA); $156 billion is before considering interactions with other provisions. The House Ways and Means Committee was able to include interactions with other provisions, estimating the cuts to MA to be even higher, coming in at $308 billion.

Read the rest on The Foundry…

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