While Jerry and his buddies were applauding the finalization of the of $620 billion Federal tax increase and the $330 billion Federal spending increase, Democrats love Tax and Spend government, California hospitals were another step closer to being shut down.

For one year doctors will continue to be underpaid for services and allowed to lose money for every government patient they accept.  But how is that going to be paid for?  By taking the money from hospital reimbursements.  Why are private insurance policies going up 25% this year?  Because government is mandating it through policy.  Why isn’t the mainstream media reporting this?

“A fee coding adjustment alone is expected to cut hospital payments $10.5 billion nationwide. In California, that translates to a $1 billion cut, according to Anne O’Rourke, senior vice president for federal relations at the California Hospital Association.”

See the full story by clicking on the blue headline

 

Hospitals hit by fiscal cliff deal, while docs get reprieve from pay cut

Sacramento Business Journal by Kathy Robertson, 1/3/13

Doctors got a reprieve from a big pay cut in the stop-gap fix to the fiscal cliff, but hospitals are big losers in the deal. a big pay cut in the stop-gap fix to the fiscal cliff, but hospitals are big losers in the deal.

Congress approved the one-year delay of a proposed 27 percent pay cut for doctors who serve Medicare patients, but lawmakers expect to recoup much of the $25 billion price tag from hospitals.

A fee coding adjustment alone is expected to cut hospital payments $10.5 billion nationwide. In California, that translates to a $1 billion cut, according to Anne O’Rourke, senior vice president for federal relations at the California Hospital Association.

“CHA is disappointed the ‘physician fix’… is offset by substantial cuts to hospitals,” O’Rourke said in a memo on the trade association’s website. A provision to extend a reduction in Medicaid payments to hospitals that serve a disproportionate share of the poor is estimated to slash another $4.2 billion in payments nationwide.

While the compromise resolves immediate tax issues, it doesn’t address the debt ceiling problem — or other federal budget woes. Additional cuts to Medicare are expected to be on the table as the debate continues.

 

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Marten purdy

While Jerry and his buddies who keeps all of their money in offshore bank accounts for tax purposes, and who continually spouts falsehoods about economic and tax policy in order to increase their own wealth and the wealth of other already wealthy individuals at the expense of middle-class taxpayers and the federal deficit.

January 5, 2013 at 1:07 pm

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