Providers receiving Medicare reimbursements could see more reductions in reimbursements by 2011, the Kaiser Network reports.
Under the 2005 Tax Increase Prevention and Reconciliation Act, which President Bush signed into law in 2006, the federal government will be required to withhold three percent of payments to business that pay taxes and contract with the government. This law will significantly affect providers that depend on Medicare reimbursements to operate. Lawmakers are working to repeal this provision.
In other Medicare news, the American Health Care Association, which represents long term care providers, and the Alliance for Quality Nursing Home Care officially started an advertising campaign to raise awareness about the negative impact of Medicare funding cuts on nursing homes. For more information, see the press release.