tci Medicare Compliance & Reimbursement - 2006 Issue 8

Budget: President Cuts Billions From Short-Term Medicare, Medicaid Funding

Budget reconciliation bill becomes law, sets the tone for further budgetary growth restrictions in 2007.The 2006 budget reconciliation bill's threats to Medicare and Medicaid funding are now quite real--and they may only get worse.President Bush signed the 2006 budget reconciliation bill (S 1932) Feb. 8--just one week after he outlined his 2006 health care initiatives in the Jan. 31 State of the Union address. The budget bill narrowly passed House and Senate votes and faced a second close House vote Feb. 1.The new law reduces Medicare spending by $6.4 billion and Medicaid spending by $4...

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