Posts Tagged ‘Super Committee’

Congressional Super Committee Fails to Reach Agreement on Federal Spending; No Home Health Copays (for Now)

November 22, 2011

The Joint Special Committee on Deficit Reduction, also known as the “super committee”, announced this week that they were unable to come to an agreement for cutting the U.S. budget deficit by $1.2 trillion over the next 10 years. Since the committee could not agree on a deal, the back-up plan approved by Congress — known as “sequestration” —  will kick in and automatic cuts of $1.2 trillion over the next 10 years will go into effect on Jan. 1, 2013. Half of the cuts will come from defense spending and half from domestic programs, although Medicaid, Social Security and Medicare beneficiaries will not see any cuts. Provider cuts are limited to two percent per year. (more…)

Aides: ‘Super Committee’ Likely to Announce Failure to Reach Debt Deal

November 21, 2011

From CNN by Lisa Desjardins and Kate Bolduan

A weekend of talks among members of the congressional committee charged with coming up with $1.2 trillion in budget cuts appeared to produce no last-minute compromise ahead of Monday’s practical deadline.

Democratic and Republican aides told CNN on Sunday that discussions had turned to how to announce the failure to reach a deal.

A senior Democratic aide said talks are focused on a Monday announcement.

Another senior Democratic source said, “No decisions or agreement has been reached concerning any announcement or how this will end. But, yes, the likely outcome is no agreement will be reached.” (more…)

Former Governor, Senator Lawmakers Tell Super Committee to Fight Fraud First

November 17, 2011

Two former lawmakers from different political parties appeared on Fox News this week to urge Congress’ super committee to go after Medicare fraud before cutting reimbursements. The super committee, which was established as part of Washington’s debt ceiling increase legislation passed earlier this fall, is charged with proposing a plan to reduce federal spending by $1.2 trillion by Nov. 23rd.

Tell Congress to FIGHT FRAUD FIRST! (more…)

MedPAC Proposes More Medicare Cuts to Offset Physician Payment Fix

September 26, 2011

The Medicare Payment Advisory Commission (MedPAC) recently offered a set of Medicare savings proposals totaling $233 billion for the purpose of assisting the Congress in offsetting the budgetary cost of fixing the flawed Medicare physician payment formula, known as the “SGR”.

The items on the list are preliminary and subject to change. The projected savings amounts are unofficial, based on MedPAC staff estimates. (more…)

Copays and Cuts on the Horizon: Rally Your Staff, Colleagues, Patients and Their Families to Save Our Industry!

September 23, 2011

This week, President Obama released his deficit reductions recommendations for the Joint Select Committee on Deficit Reduction, also known as the “super committee”. President Obama’s proposal is intended to reduce the deficit by $3 trillion over the next ten years. It includes $320 billion in savings from federal health programs, including $224 billion from Medicare and $66 billion from Medicaid. These reductions are in addition to the $1 trillion in savings from spending caps enacted by the debt ceiling package that was signed into law this summer.

What Does This Mean for Home Care? (more…)