Provider Groups Blast U.S. Senate CAP Act
Healthcare provider and consumer groups joined ranks on Wednesday to blast a proposal in the U.S. Senate to impose a cap on federal spending, saying the "real-world" impact of the plan would cut more than $2.7 trillion from critical safety net programs.
The Commitment to American Prosperity (CAP) Act, sponsored by Sen. Bob Corker (R-TN) and Sen. Claire McCaskill (D-MO), would limit federal spending to about 21% of Gross Domestic Product and automatically cut across all federal programs in any year where spending is projected to exceed the cap.
ROUNDS: The Real Value of ACOs
When: August 16, 12:00–3:00 pm ET
Where: hosted by Norton Healthcare
Register today for this live event and webcast
The Lewin Group was commissioned by a group of provider and consumer organizations to analyze the impact of the proposal and found that the CAP Act would cut $4.2 trillion from federal spending between 2013 and 2021, including: $1.3 trillion in Social Security; $859 billion in Medicare; and $575 billion in federal Medicaid payments to states.
- ICD-10: Minimizing the Financial Hit
- Hospital Compare Adds Infection, Stroke, Readmissions Data
- 3 Favorite Nursing Trends of 2013
- How One Provider is Saving Millions on Imaging Equipment
- SLIDESHOW: HL20 — 20 People Who Are Making a Difference in Healthcare - 2013
- HIT in 2014: Portal Perils and Half-Built Houses
- State Health Disparities Trace Medicaid Expansion
- Q&A: Banner CEO on 'Getting the Cost Out'
- Healthcare Unions Eye Gains in 2014
- AMCs React to Being Shut Out of Some Exchange Plans