Approximately $100 billion of the savings will come from reduced Medicare and Medicaid reimbursements, and an additional $40 billion in savings will come from gradually reduced charity care benefits, according to the report. Both reductions are not expected to begin for “several years,” after a significant number of currently uninsured individuals become enrolled in health plans.
Hospital leaders agreed to the reductions with the understanding that if final healthcare legislation includes a public-sponsored health plan, that plan will not pay Medicare or Medicaid rates.
Read the Washington Post’s report on the hospital industry’s agreement to cut $155 billion from government healthcare spending.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
