Hard Rain’s Gonna Fall…

Good afternoon, ProviderNation.

The sequester is a’ comin’. It’ll mean a 2 percent , across-the-board cut for long term care professionals. That’s about $85 million, which will take effect on the first of the month after President Obama signs the “authorization” for the sequester.

Today, because symbolism is extra, the Senate passed a “sequester relief” package, but My Favorite Lobbyist says you shouldn’t pay too much attention to it. Shortly, House Republicans will pass a bill that would allow agency heads to determine their own budgets. That one is worth watching, because it has (a slightly decent) chance of passing into law.

In the meanwhile, providers should brace themselves for the era of austerity. If it matters, you’re not the only ones singing the blues.

 

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Filed under health care, Long term care

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