Opinion: Now is not the time for Congress to further cut hospitals’ Medicare payments
As the U.S. slowly emerges from the Covid-19 pandemic, hospitals hope get back to some semblance of normal. That won’t be possible with the 1% cut in reimbursement rates from the Centers for Medicare and Medicaid Services (CMS) that is slated to go into effect July 1, which comes on the heels of a 1% cut in Medicare payments implemented in April. And these are in addition to an annual cut that CMS put in place with the Affordable Care Act to incentivize hospital productivity.
Hospitals are being pummeled by both statute and regulation.
