Obama releases FY 2011 budget with no reductions in SNF funding
Contemporary Long-Term Care Weekly, February 4, 2010
President Obama’s proposed budget for Fiscal Year (FY) 2011, which he released February 1, doesn’t include any cuts to SNF funding amidst the proposal’s roughly $900 billion allotment to the Department of Health and Human Services (HHS). Just over half of the HHS budget serves Medicare, which would increase to $489 billion thanks to the anticipated $722 million in waste and fraud recoupment, according to The Washington Post.
Medicaid funding for states stands at $290 billion in the budget, in addition to an extra $25 billion to allow for a six month extension of the temporary increase in the Federal Medical Assistance Percentage. The House and Senate will take President Obama’s proposed FY 2011 budget into consideration as they draft their own budgets in the coming months.
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