'Administration proposes possible steep cuts for nursing home Medicare reimbursement, providers warn of 'dramatic impact'

from mcknights.........

"The Centers for Medicare & Medicaid Services late Thursday announced a rule that could cut certain Medicare reimbursements to skilled nursing facility operators by as much as 11.3% in fiscal 2012. Provider lobbyists immediately issued a statement warning such a move would create “dramatic impact on the lives of nursing home residents and patients.”

An 11.3% cut in the SNF prospective payment system would amount to about $3.94 billion less going to providers than in the current fiscal year".............read it here