Congress approves 2-year budget cut for provider payments

Congress approves 2-year budget cut for provider payments — 4 takeaways

Tuesday, November 3rd, 2015

Last week, Congress passed a two-year budget deal that includes a 2 percent cut in Medicare provider payments, according to Healthcare Informatics.

Here are four takeaways:

1. The budget cut raises funding levels and suspends the debt limit until 2017.

2. Congress approved the healthcare budget cuts to generate the funding needed to offset other budget increases across the federal government.

3. The budget provides additional funding levels for agencies including National Institutes for Health and National Science Foundation.

4. Additionally, the budget cuts funding for healthcare services provided in a hospital's outpatient department.

Congress approves 2-year budget cut for provider payments — 4 takeaways