American Hospital Association January 26, 2024
The federal government has a history of reimbursing hospitals below of the cost of providing care to patients.
For Medicare, which covers more than 60 million people, new data shows that the program paid a record-low 82 cents for every dollar spent by hospitals caring for Medicare patients in 2022 — the most recent data available. This resulted in about $100 billion in Medicare underpayments that year alone. The federal government’s own Medicare Payment Advisory Commission recently agreed that Medicare margins hit a record-low that year.
This chronic underpayment combined with hospitals experiencing over the last several years skyrocketing expenses for the cost of providing care, fighting against growing cybersecurity threats, and ensuring patients have access to cutting-edge services and...
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