Senator Harry Reid sent a letter to HHS Secretary Sebelius in June of last year asking for a change in the IPPS (Medicare Inpatient Prospective Payment System) regulation. That’s part of the healthcare bill which you have to pass to know what’s in it. It seems that Nevada hospitals will receive less money under the IPPS provision. Actually, all hospitals.
Maybe Harry should have read the bill before he passed it. This is only the beginning of their problems. I read the bill and it’s an endless morass of bureaucracy and unsustainable cuts in essential areas from hospitals to doctors fees to medical equipment and so on.
I posted this video last year, but it’s worth posting again since it mentions Harry and the hospitals.
According to Becker’s Hospital Review,
“…More than 60 percent of hospitals already lose money on Medicare, according to the American Hospital Association. Section 3401 of the Patient Protection and Affordable Care Act detailed across-the-board Medicare payment reductions for hospitals. These cuts are estimated to reduce reimbursements by $155 billion from 2010-2019, a strategy hospitals agreed to accept in 2009 to help fund healthcare reform. While good news for CMS, these additional Medicare cuts could prove devastating to hospitals, particularly when paired with extensive performance-based healthcare delivery reforms, such as value-based purchasing, which is set to begin in Oct. 2012…”