The implications of automatic budget cuts in 2013 are reverberating through government and the health care industry.
The Hill: Hospitals, Insurers Would Bear Brunt Of Automatic Medicare Cuts
Automatic Medicare cuts triggered by the congressional super committee's failure would hit hospitals harder than any other health industry, according to an analysis from Avalere Health. The report puts hard numbers to across-the-board cuts that stakeholders have mostly viewed in broad, general terms. But Avalere chief executive Dan Mendelson cautioned that the figures also assume the automatic cuts will actually happen -; an assumption he's not ready to make (Baker, 11/22).
The Connecticut Mirror: Super Committee Inaction Triggers Cuts, Uncertainty
[the] 2 percent reduction in Medicare funding, would be a calamity, said Matthew Barrett, executive vice president of the Connecticut Association for Health Care Facilities, which represents nursing homes. Still, he said, "That actually is the best scenario for Connecticut nursing homes." That's because the alternatives the super committee was considering could have hit the industry harder (Levin Becker, 11/22).
Politico: Medicare Genie Is Now Out Of The Bottle
The supercommittee failed to strike a deficit deal, but the terrain still changed for entitlement reform. And once Democrats -; starting with President Barack Obama -; gave ground on Medicare and other entitlements, it may be hard to take it back. ... Democrats still vehemently oppose any move to radically restructure Medicare or Medicaid, as House Budget Committee Chairman Paul Ryan and other top Republicans propose. But a lot of other ideas that were once taboo for Democrats are now part of the mainstream (DoBias, 11/22).
The Associated Press/ABC News: Simpson Blasts Debt Impasse
Failure to deal with health care costs will mean costs will rise to the point that they will suck up the federal government's entire discretionary budget, Simpson said. "Anything you like - culture, arts, education, research and development, transportation and development - will all be squeezed out because of the failure to deal with the one thing that is, unquote, untouchable," Simpson said of health care costs. "How ironic" (Neary, 11/23).