Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Long-Term Care Planning

Medicare LTC Payments To Rise

Your article was successfully shared with the contacts you provided.

The Centers for Medicare and Medicaid Services plans to increase Medicare payments to nursing homes by about $690 million in fiscal 2008 while increasing contributions to home health care agencies by an estimated $140 million.

CMS proposes new rates that would increase Medicare payments by 3.3% for nursing facilities that give skilled nursing and rehabilitation care to Medicare beneficiaries with long-term health problems.

For home health care, the agency’s proposed rates would increase outlays but at the same time would cut payments to some home care providers.

Under the proposed rule, home health agencies that submit required quality data would receive payments with an increase of 2.9%, but those that failed to meet the reporting requirement would see an increase of only 0.9%.

CMS’s proposal would evaluate home health care by measuring reductions in hospital admissions for beneficiaries and improvements in such areas as patient mobility, pain reduction, self-care and the condition of wounds.

“The continued improvement in the quality of and access to home health services will be enhanced through this additional public reporting of quality information,” said CMS Acting Administrator Leslie V. Norwalk. “These changes are significant steps toward Medicare becoming an active purchaser of high quality, efficient care.”


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.