News Headlines Article

Deficit talks may mean big cuts for hospitals: Frist
Modern Healthcare

Looming deficit-reduction negotiations coming soon after Tuesday’s federal elections could result in larger-than-expected cuts to hospitals, some health leaders warned.

Dr. Bill Frist, former Republican Senate Majority Leader, told attendees at a Washington health policy symposium that he expects a so-called grand bargain on deficit reduction within a few months with 2.5-to-1 ratio of spending cuts-to-tax increases. And hospital payments are the likely source of much of the coming federal spending cuts, due to the large share of Medicare and Medicaid spending they receive.