I'd like to ask all of you to contact your congressmen, reps, etc... in deffense of the following.
Congress is proposing a $700 million cut to Medicare funding for FY 2008. This would jeopardize current and future care needs of America's most vulnerable population of frail elderly. This is on the heels of the 1997 Balanced Budget Act, which our lobyists have been trying to get fixed for the past 10 years. Since the BBA was passed, approximately 15% of skilled nursing providers have filed bankrupcy.
The Medicare program has been propping up inadequate reimbursement from Medicaid which is responsible for funding the care of 2/3 of nursing home patients and which underfunded nursing home care by$4.5 billion in 2006.
Even the Federal Reserve Board Chairman, Ben Bernanke recently testified on Capitol Hill and said that Congress must budget for the rising costs of retirement and medical benefits or face a fixcal crisis in coming decades.
Thank all of you in advance for your help
Congress is proposing a $700 million cut to Medicare funding for FY 2008. This would jeopardize current and future care needs of America's most vulnerable population of frail elderly. This is on the heels of the 1997 Balanced Budget Act, which our lobyists have been trying to get fixed for the past 10 years. Since the BBA was passed, approximately 15% of skilled nursing providers have filed bankrupcy.
The Medicare program has been propping up inadequate reimbursement from Medicaid which is responsible for funding the care of 2/3 of nursing home patients and which underfunded nursing home care by$4.5 billion in 2006.
Even the Federal Reserve Board Chairman, Ben Bernanke recently testified on Capitol Hill and said that Congress must budget for the rising costs of retirement and medical benefits or face a fixcal crisis in coming decades.
Thank all of you in advance for your help
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