Nursing Homes’ Lost Fight With Medicare to Cost $3.87 Billion
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U.S. nursing homes’ lost lobbying battle with Medicare will cost the industry $3.87 billion, as the health program tries to recover overpayments it says it made to companies such as Kindred Healthcare Inc. and Sun Healthcare Group Inc.
The 11.1 percent Medicare rate cut for next year is meant to stop overbilling by for-profit homes including Sun, Kindred, and Skilled Healthcare Group Inc. The change follows Medicare’s finding that, under a new payment system put in place this year, the companies drove up reimbursements for patients.