Long-Term Care

Bush's budget to cut $10 billion in SNF Medicare funding

Contemporary Long-Term Care Weekly, February 7, 2007

On February 5, President Bush proposed paring down the Medicare budget, which will yield the deepest cuts in the president's six years in office, reported the Los Angeles Times. Over the next five years, Medicare will face $66 billion less in funding and administrative and anti-fraud measures would save an additional $10 billion. The rate of increase in Medicare spending would slow to 5.6% by 2012 or by about one percentage point between 2008 and 2012. The Bush administration also called for $26 billion in cuts for Medicaid, reported the Los Angeles Times. Over the next five years, $10 billion of the Medicare loss will directly affect skilled nursing facilities, which is more than 15% of the proposed budget reductions, the American Health Care Association stated in a press release.

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