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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (68760)	8/24/2006 12:33:04 PM
From: CalculatedRisk	Read Replies (1) of 110194

U.S. to delay Medicare provider payments news.yahoo.com WASHINGTON - Many health care providers will have to make do next month without a government paycheck or two. The Bush administration says it will not make any Medicare reimbursements to hospitals, doctors and scores of other providers during the last nine days of the current budget year, from Sept. 22-30. Congress ordered the hold. The providers taking care of older people and the disabled will get paid in full after the new budget year begins Oct. 1. They should not count on any interest on the amount they are owed. ... By delaying payments, the government moves $5.2 billion in Medicare expenses to next year's budget, rather than the current one. MY COMMENT: The budget is such a disaster they are moving money from one year to the next to make fiscal '06 look better.

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