WASHINGTON, Feb. 15, 2012 --   At Senate Finance Committee Hearing on FY 2013 Budget, Alliance for Quality Nursing Home Care Says U.S. Nursing Homes Slated to Absorb $127 Billion in

Medicare Reductions Between FY 2012-21

WASHINGTON, Feb. 15, 2012 /PRNewswire-USNewswire/ -- With America's skilled nursing facility (SNF) sector already slated to absorb $127 billion in Medicare reductions between FY 2012-21, the Alliance for Quality Nursing Home Care said concurrent to today's Senate Finance Committee hearing on the proposed FY 2013 budget that a phase-in of a 2011 Medicare regulation that reduced Medicare funding by 11.1 percent is critical to preserving quality nursing home care, and preventing additional facility job losses.