Medicare Cuts Could Take Greater Toll On Not-For-Profit Hospitals

Aug 11th, 2010 | By healthnews | Category: Health

Main Category: Medicare / Medicaid / SCHIP
Article Date: 11 Aug 2010 – 4:00 PDT

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Upcoming Medicare cuts to hospitals will have a bigger negative impact on nonprofit facilities than their for-profit counterparts, The Dallas Morning News reports.

“In a note to investors, Moody’s said the 0.4 percent Medicare reduction in inpatient hospital rates for fiscal year 2011 will amount to an estimated $440 million in lower payments. The cut, announced on July 30, is a key driver for Moody’s maintaining a negative outlook for the industry. Not-for-profit hospitals are likely to be affected more because Medicare is their single biggest payer, accounting for about 42 percent of their revenue” (Roberson, 8/10).

This information was reprinted from kaiserhealthnews.org with kind permission from the Henry J. Kaiser Family Foundation. You can view the entire Kaiser Daily Health Policy Report, search the archives and sign up for email delivery at kaiserhealthnews.org.

© Henry J. Kaiser Family Foundation. All rights reserved.



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