Obama Budget Proposal Cuts Money from Home Health Care

Stephen Tweed | February 27, 2009 | Newsroom
Health care stocks dragged down the stock market yesterday after the White House proposed cutting payments to private insurance plans. The Obama administration's $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid. Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also…

Health care stocks dragged down the stock market yesterday after the White House proposed cutting payments to private insurance plans. The Obama administration’s $3.55 trillion budget plan for 2010 includes cuts to Medicare and Medicaid. Private insurance plans serving Medicare seniors would take the biggest hit, but hospitals, drug manufacturers and home health agencies also face cuts.

The Dow Jones industrial average fell 88.81, or 1.22 percent, to 7,182.08.

The Standard & Poor’s 500 index fell 12.07, or 1.58 percent, to 752.83.

The Nasdaq composite index fell 33.96, or 2.38 percent, to 1,425.43.

What do you think will happen to home health agencies if this new budget proposal is passed into law by Congress? How can we communicate the importance of home health care in saving money by keeping patients out of hospitals?

Give us your comments below.

Stephen Tweed
Stephen Tweed is among the top Thought Leaders in Home Care today. As an industry researcher, author, and executive coach, he has worked with owners and CEOs of companies in the top 5% of Home Care and is a frequent speaker at Home Care association conferences and corporate meetings across the US and Canada.

Related Posts

Shared Vision Can Change Your Life

August 21, 2025
This past week, I was in Fort Myers, FL leading an Executive Strategy Retreat for a wonderful family-owned Home Care company. We spent a full day using the storyboarding technique from the Walt Disney organization to stimulate creativity, make ideas visible, and craft a five-year vision for the company. We then dug into detail as we defined…

Corporate Culture in Home Care

August 7, 2025
I've been thinking a lot about Corporate Culture in Home Care For the past few weeks, I've been deeply immersed in the final preparation for the start of school. As you may have heard, I recently accepted a position as Adjunct Instructor of Corporate Culture in the Master of Arts in Communication and Business Leadership at High Point…

Appreciation and Recognition

July 31, 2025
This past Tuesday evening I was in Scottsdale, AZ for the annual CPAE Speaker Hall of Fame Awards, and the Cavett Award, presented by the National Speakers Association. This is the final formal banquet that brings to a grand finale the annual convention of NSA. The National Speakers Association is a society of experts who speak professionally. These are some of…