Monday Briefing: Memorial Day Weekend Edition
Welcome back from your long weekend, dearest Home Health Care News readers. As you embark on your shorter week, take a moment to catch up on all the latest industry chatter with our Monday Briefing. Keep reading to see our top stories from last week.
Last week, the Congressional Budget Office released its report on the American Health Care Act (AHCA), revealing that roughly 23 million Americans would likely lose insurance coverage under the legislation. It would reduce the cumulative federal deficit by $119 billion from 2017 to 2026—$32 billion less than the estimated net savings for the first version of the AHCA, which was pulled from the House floor before it was voted on in, CBO found.
In other government news, a commission of Senate Democrats introduced a bill to raise the federal minimum wage to $15 per hour by 2024. The current wage level is $7.25 per hour, though many states and individual cities have wage rates set much higher. The bill is unlikely to move forward in a Republican-controlled Congress and White House, but is a move to watch going forward.
The Centers for Medicare & Medicaid Services (CMS) has finalized a rule to delay the implementation of some bundled payment models. Check out out coverage of CMS’ final rule.
With the new Medicare Conditions of Participation (CoP) regulation looming, home health agencies cannot be operating with a business-as-usual mindset. Read this 8-point plan for success to stay up to date on how to comply under the new requirements.
President Donald Trump unveiled his wish list budget proposal for fiscal year 2018, with $616 billion in cuts to the Medicaid program and a fundamental shift in the way the federal government provides financial support to state through the program. Those cuts are on top of the roughly $800 billion in Medicaid cuts outlined in the American Health Care Act (AHCA).
Written by Amy Baxter