The PAYGO sequester going into effect at the end of this session of Congress Jan. 3 would result in $38 billion in Medicare cuts in 2023, according to the letter. The sequester would also lead to a 4 percent cut to Medicare payments to providers.
The letter argues for action by listing the challenges already threatening both financial stability and the ability to provide healthcare services. These challenges include workforce shortages, equipment and supply costs, and drug costs.
Other signers are the American Health Care Association, the National Association for Home Care & Hospice, the National Hospice and Palliative Care Organization, the Association for Clinical Oncology and AdvaMed.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.