February 12, 2018 | Chip Kahn
According to MedPAC, hospitals are already experiencing the lowest Medicare margins in history, while the CBO says nearly half of all hospitals will be facing negative margins by 2025.
The White House’s FY19 budget proposal would more than double the $160+ billion in cuts imposed on hospitals since 2010.
Among the flawed proposals are massive reductions in Medicare bad debt payments and cutbacks in funding for hospital care for millions of uninsured Americans, plus those in post-acute facilities. It also dramatically reduces resources for Medicaid and the training of needed new doctors.
Enough is enough. These unsustainable cuts would directly impact hospitals’ ability to serve patients.