Tag: Medicare cuts

WASHINGTON – The Senate last night approved legislation to prevent across-the-board, 4% PAYGO-related cuts to Medicare reimbursement from taking effect in 2022, AAHomecare reports.  Earlier this week, the House of Representatives passed legislation to prevent the cuts.  “This is a very positive development for both HME suppliers as well as the full scope of healthcare providers who would have been impacted by these cuts,” said Tom Ryan, AAHomecare president...

WASHINGTON – CMS has announced a 90-day suspension of scheduled Medicare cuts to accessories for complex rehab manual wheelchairs, NCART reports.  That extends an 18-month suspension that would have expired on July 1 to Oct. 1.  “They will use this time for further analysis and, hopefully, a permanent suspension,” Don Clayback, executive director of NCART, tweeted today. “Thank you advocates, Congress and CMS.”  On Monday, a letter led...

WASHINGTON - U.S. Sens. Susan Collins, R-Maine, and Jeanne Shaheen, D-N.H., have introduced a bill that would extend the moratorium on the 2% Medicare sequestration cuts through the public health emergency.   Right now, the moratorium is set to expire March 31.   The “pay for” for the bill, S. 748, would extend the sequestration cuts to 2031, instead of 2030, said Seth Johnson, senior vice president of government affairs for Pride Mobility Products.  “We...

WASHINGTON – AAHomecare this week reported that an updated bill may be introduced to extend the moratorium on the 2% Medicare sequester cuts through the end of 2021 and address other potentially looming cuts. The current moratorium on the sequester cuts is set to expire March 31. “AAHomecare and our health care sector coalition partners have redoubled efforts to engage legislators in support of extending the pause on these cuts,” the association wrote in a bulletin. The...

CLEARWATER, Fla. - Lincare earlier this month reported that Medicare cuts helped drive down its net income to $136.1 million in 2009 from $227.3 million in 2008. It reported net revenues of $1.55 billion vs. $1.665 billion. Lincare expects Medicare cuts to do more damage in 2010. It estimates that a 1.5% reduction in reimbursement for stationary oxygen equipment, from $175.79 to $173.17 per month, will result in a $9 million blow to income and revenues. Still, CEO John Byrnes remains optimistic. “We...

CLEARWATER, Fla. - Lincare earlier this month reported that Medicare cuts helped drive down its net income to $136.1 million in 2009 from $227.3 million in 2008. It reported net revenues of $1.55 billion vs. $1.665 billion. Lincare expects Medicare cuts to do more damage in 2010. It estimates that a 1.5% reduction in reimbursement for stationary oxygen equipment, from $175.79 to $173.17 per month, will result in a $9 million blow to income and revenues. Still, CEO John Byrnes remains optimistic. “We...