American Hospital Association March 23, 2023
Earlier this month the Medicare Payment Advisory Commission (MedPAC) released its annual March report on the commission’s recommendations for Fiscal Year 2024 Medicare payment updates. Some recent media articles have lazily used the report to suggest that “hospitals’ financial situations are not nearly as dire as industry groups are making them out to be.”
This view is one-sided, inaccurate and misleading. After years of once-in-a-lifetime events in the form of a global pandemic and record inflation, hospitals across the country are struggling to continue to fulfill their mission to care for their patients and communities.
Don’t take it just from us. Mike Chernew, MedPAC’s Chairman, stated “this is an unbelievably turbulent time,” and other Commissioners also recognized the continued and...
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