Analysis: DC Sequester Cuts Texas Seniors' Medicare-Funded Nursing Home Care $51 Million
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SOURCE Alliance for Quality Nursing Home Care
Other Federal Budget and Regulatory Changes Raise Texas Nursing Home Funding Reduction to $240 Million Annually
AUSTIN, Texas, Feb. 28, 2013 /PRNewswire/ -- With federal sequester cuts scheduled to go into effect tomorrow, March 1st, an analysis by the non partisan health policy research firm Avalere Health for the Alliance for Quality Nursing Home Care finds Texas seniors' Medicare funded skilled nursing facility (SNF) care will be reduced by $51 million for FY 2014. The U.S. total is $782.5 million.
Combined with other federal budget and regulatory changes made since 2009, Texas' Medicare funded nursing home care will be reduced $240 million annually as detailed by attached chart.
"With the sequester just hours away, it is important to convey to Texas lawmakers that the sequester cuts are just one in a series of major federal budget and regulatory actions that add up to significant cumulative Medicare cuts to Texas seniors -- and $65.6 billion cumulative Medicare reductions nationally over ten years," stated Alan G. Rosenbloom, President of the Alliance. The Alliance for Quality Nursing Home Care is a coalition of 10 leading post-acute and long term care organizations providing Skilled Nursing Facility (SNF) care in approximately 1,200 facilities, in 44 states nationwide, including Texas.
Impact of ACA Productivity Adjustment:
Impact of Case- Mix Cut in FY 2012 Rule:
Impact of Forecast Error Cut in FY 2011 Rule: FY 2014
Impact of Bad Debt Cut in 2012 "Doc Fix" Bill:
TOTAL ANNUAL SNF CUTS
FY 2014 is the first full fiscal year of sequestration reductions under the Budget Control Act; the sequestration provisions take effect on March 1, 2013; Additional state data and methodology notes available at www.aqnhc.org
Saturday, May 18 2013 10:19 AM EDT2013-05-18 14:19:20 GMT
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