Obamacare’s Latest Victim: the Medicare Program
3/2/14
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from AMAC,
12/14/13:
On January 1, 2014. Medicare home healthcare services for some 3.5 million beneficiaries were sharply cust as a result of the Affordable Care Act (Obamacare). Specifically, the cut takes 14%, or an estimated $22 billion, away from the home health benefit over the next four years.
By CMS’s own calculation, 40 percent or nearly 5,000 home health companies — mainly small businesses — will experience a “net loss” in revenue due to the cuts and go into the red by 2017. That will put many of them out of business.
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