According to a report in August, the federal deficit had declined by 38 percent during the first 10 months of the government’s fiscal year compared to the previous year, reflective of the increased revenue receipts and spending cuts across the board.
If current law persists, Mr. Park reported, the budget deficit could narrow even further, which could have a positive impact on the healthcare industry. “With decreasing deficit, there will be less urgency to cut reimbursement to healthcare service providers,” Mr. Park stated in the report. “Therefore, the decreased risk of further cuts to providers should be considered when valuing a healthcare services enterprise.”
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