Much buzz has been generated for months about the crisis of across-the-board spending cuts that took effect Friday after Congress failed to pass an equivalent $1.2 trillion savings package over the next 10 years. Few federal programs were spared from the cuts other than the Medicaid and CHIP programs. The White House Office of Management and Budget sent its outline for the cuts to House Speaker John Boehner (R-Ohio) Friday. Here are the healthcare-related cuts, according to a report by Politico:
• HHS mental health programs — $168 million
• National Institutes of Health medical research funding — $1.6 billion
• World Trade Center Fund — $10 million
• Health insurance exchange grants — $44 million
• Prevention and Public Health Fund — $51 million
• Centers for Disease Control and Prevention — $303 million
• Food and Drug Administration — $209 million
• IRS enforcement (which some speculate could affect collections related to the Patient Protection and Affordable Care Act) — $267 million
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• HHS mental health programs — $168 million
• National Institutes of Health medical research funding — $1.6 billion
• World Trade Center Fund — $10 million
• Health insurance exchange grants — $44 million
• Prevention and Public Health Fund — $51 million
• Centers for Disease Control and Prevention — $303 million
• Food and Drug Administration — $209 million
• IRS enforcement (which some speculate could affect collections related to the Patient Protection and Affordable Care Act) — $267 million
More Articles on Billing and Coding:
17 Healthcare Niches — Observations for 2013
Physicians May Lose Over $40,000 in 5 Years After EHR Adoption
Medicare 2% Pay Cut for Physicians Coming April 1