(Daily Caller) Starting Jan. 1, the Centers for Medicare and Medicaid Services (CMS) will begin slashing 14 percent of their Home Health Care Prospective Payment Program budget, driving small home health-care providers out of business and potentially affecting millions of poor, elderly citizens in need of physical rehabilitation.
The cuts — which are being made to fund Obamacare — will slash the homecare budget 3.5 percent every year for the next four.
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"By CMS's own calculation, 40 percent or nearly 5,000 home health companies — mainly small businesses — will experience a "net loss" in revenue due to the cuts and go into the red by 2017," The Washington Examiner reports. "That will put many of them out of business."