New Medicare Legislation
Funding designed to help low volume hospitals dependent on Medicare is set to expire September 30th.
June 20, 2012
Southern Tier (WENY) - Rural hospitals help people when there is no other options, and a new bill introduced by Congressman Tom Reed would help safeguard critical funding. Funding designed to help low volume hospitals dependent on Medicare is set to expire September 30th. Local hospitals like Corning, Ira Davenport in Bath, Jones Memorial in Wellsville, Saint James Mercy in Hornell and Saint Josephs in Elmira will all lose money if that happens. Reed's bill will extend the funding for one more year. But the congressman is also working with the government accounting office to see if there is a long term solution. Eva Benedict the president and CEO of Jones Memorial Hospital says this bill will help keep programs running at her hospital.
“We face the same regulatory requirements and fixed costs as hospitals twice and three times our size yet our funding with our lower volumes is significant.”
Reed says the bill will most likely pass both the House and Senate before the September deadline.