Obamacare, Medicare Cuts Could be Death Knell for Up to 50% of Nursing Homes<\/strong> Obamacare, Medicare Cuts Could be Death Knell for Up to 50% of Nursing Homes by Alyssa Gerace While some herald the Affordable Care Act as a much-needed reform bill that will change the face of the healthcare industry, others say…<\/span><\/p>\n
\nby Alyssa Gerace
\nWhile some herald the Affordable Care Act as a much-needed reform bill that will change the face of the healthcare industry, others say it may contribute to forcing up to half of the nation\u2019s hospitals and long-term care facilities into a merger or out of business altogether in upcoming years.
\nA lot of factors play into the possibility of widespread distress among smaller hospital systems and skilled nursing facility operators, including ongoing pressure on state Medicaid budgets, past Medicare cuts to the skilled nursing industry, and the $716 billion taken from Medicare in the next decade to help fund President Obama\u2019s monumental healthcare reform bill.
\n\u201cI think the smaller facilities will have a very difficult road going forward, and up to half of the hospitals and long-term care facilities are probably not going to make it,\u201d says William (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"