Politico May 22, 2023
DEBT CEILING DOOMSDAY — Health care experts warn that the impact of the U.S. breaching the debt limit could be stark, your host reports.
A short-term breach could disrupt Medicare and Medicaid payments, and a long-term breach could severely harm health systems, potentially making providers reluctant to see Medicare and Medicaid patients, Moody’s Analytics predicts.
“This is like dropping a nuclear bomb on the health care system,” said Sara Rosenbaum, emerita professor of health law and policy at George Washington University.
Debt ceiling talks broke down over the weekend, but House Speaker Kevin McCarthy said he and President Joe Biden will meet today to try to close the distance on negotiations and avoid a looming debt default, which the Treasury...
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