The government sequestration that took effect on March 1, mandated by the Budget Control Act of 2011, produced budget cuts that totaled $85.4 billion. Although Medicaid was exempt from these cuts, beginning on April 1, Medicare saw a 2% cut across the board.
Let's face it, billing Medicare Advantage (MA) plans can quickly spiral into an unmitigated disaster. Each plan is different and therefore requires different codes, documentation, and claim submission, making it incredibly frustrating for LTC billers.
Since its inception, there have been numerous long and often contentious discussions about healthcare reform, particularly surrounding the legitimacy and value of the Affordable Care Act (ACA) proposed by the Obama administration. In June 2012, the Supreme Court ruled to uphold the constitutionality of the ACA, and the healthcare industry began taking steps to comply with a new set of regulations.