The ASC industry should prepare for potential Medicare cuts as the Joint Select Committee on Deficit Reduction convenes to identify solutions for reducing the federal budget deficit, according to an ASCA release.
The Joint Select Committee, commonly called the "Super Committee," was created as part of the agreement in Aug. 2011 to reduce the federal deficit by at least $1.3 trillion over the next 10 years. The committee has publicly stated it is looking across all sectors of healthcare to make substantive cuts, and industry experts expect most providers to be affected by budget reduction recommendations.
Cuts to the Medicare program would be capped at 2 percent of total Medicare spending over the 10-year period, which amounts to approximately $100 billion to $120 billion in cuts. Providers would take the brunt of the cuts because beneficiaries would be exempt.
The ASC Association is currently working to protect potential ASC cuts by educating members of the Super Committee about the savings achieved when patients receive care at a surgery center.
Learn more about the ASC Association.
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The Joint Select Committee, commonly called the "Super Committee," was created as part of the agreement in Aug. 2011 to reduce the federal deficit by at least $1.3 trillion over the next 10 years. The committee has publicly stated it is looking across all sectors of healthcare to make substantive cuts, and industry experts expect most providers to be affected by budget reduction recommendations.
Cuts to the Medicare program would be capped at 2 percent of total Medicare spending over the 10-year period, which amounts to approximately $100 billion to $120 billion in cuts. Providers would take the brunt of the cuts because beneficiaries would be exempt.
The ASC Association is currently working to protect potential ASC cuts by educating members of the Super Committee about the savings achieved when patients receive care at a surgery center.
Learn more about the ASC Association.
Related Articles on Surgery Center Legislation:
ASC Quality and Access Act of 2011 Ads New Co-Sponsor Following Fly-In
ASC Legislation Adds 5 New Co-sponsors
4 Things You Should Know About the ASC Quality and Access Act of 2011