Federal Budget Release: Overview of the President's Fiscal Year 2017 Budget Proposal
Tuesday, February 9, 2016
by: Visiting Nurse Associations of America

Section: Breaking News




Today, President Obama released a proposed federal budget for fiscal year 2017 (FY17). 
 
This final budget from the Obama Administration lays out a number of new policies. 
 
These include a $1.8 billion dollar fund to address the Zika virus, additional funding to cover states' full cost of Medicaid expansion for three years, a new $10 per barrel oil tax, a $4 billion initiative to promote computer science in schools and the first down payment on Obama’s “moon shot” research initiative to cure cancer.
 
Regarding home health and hospice, the proposed FY17 budget contains many of the same proposals as last year’s budget. These include:
  • A proposal to implement post-acute payment bundling;
  • A proposal to establish a value-based purchasing for all post-acute providers;
  • Additional annual payment update reductions over the next ten years;
  • Establishment of home health copays for new beneficiaries; and
  • A proposal to reform the hospice prospective payment system, which would result in $9.2 billion in federal budget savings over ten years.
The FY17 budget provides few policy details on these proposals. VNAA will work with the Administration and Congress to understand these proposals as additional information is released in the coming weeks. 
Post a Comment

Name
Email
Comment