Trump Reveals His New Budget, Proposing A Massive $610 Billion Cut
Posted on Friday, May 26, 2017 5:04 PM
As the Trump administration unveiled its new budget this week, it has many people shaking their heads, both consumers and providers alike. In this new budget, Trump is proposing a massive $610 billion cut which is on top of the almost $800+ billion dollar cut proposed in the new American Health Care Act, the replacement for the Affordable Care Act that passed the House on May the 4th.
The Congressional Budget Office, CBO recently scored the proposal and is forecasting that this will reduce the Medicaid population by 23 million people. Many are saying that this will have a devastating impact on the poor and children by severely limiting mainstream access to routine and essential care. Although both are just proposals and there is a long way to go to obtain support; if implemented, the cuts could change the delivery of Medicaid and access for many currently receiving benefits under the Affordable Care Act, also known as Obamacare.
The Senate still needs to take up discussion on the AHCA bill and the president’s budget still needs to pass Congress. There will most likely be a number of iterations to be developed. To read the full articles that share greater detail, please click here and here.
Written by Mary Morrisey Gabriel, Corridor’s VP of Marketing and Innovation.
Corridor is the nation’s preferred partner and trusted business advisor to home health and hospice providers, providing quality services and impactful results for 30 years. Focusing on key operational, regulatory and financial challenges, Corridor delivering industry-unique solutions and deep expertise in coding, clinical documentation review, compliance, billing and collections , consulting and provider staff education . At Corridor, we make the business of caring for people Better! For the most important industry updates and news that impacts home health and hospice, please make sure to sign up for our weekly newsletter to receive the latest up-to-date industry information direct to your inbox!
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