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Hospice and home care - often used by seniors and those recovering at home - may be subject to the hardest hits from the Affordable Care Act, also known as "Obamacare." The National Association for Home Care & Hospice (NAHC) estimated that by 2017, nearly three-quarters of these specialized care centers will be operating at a loss.
"Medicare payment rate cuts will make the industry unstable," Bill Dombi, vice president at the NAHC, told The Christian Post in an interview this week. "By 2017, 72.9 percent of all home health will be paid less than the cost of care," he predicted, based off of data from 2011 and 2012.
Due to Obamacare cuts in Medicare, hospice and home care providers will receive less reimbursement and fewer seniors will be able to use the program, Dombi explained. "We just basically got straight Medicare cuts," he explained, referring to the home health industry. "Home Health has a huge rate cut – the maximum cut that the law committed."
Dombi cited the Centers for Medicare and Medicaid Services (CMS), which admitted that 43 percent of providers will be paid less than cost. CMS estimated that many of the providers already operate at a loss and so can continue to do so. "That position is illogical," Dombi declared, arguing that "the longer a business is in the red, the more likely it will close."