MedPAC Formally Backs Reduced Update for Hospice

With its release of the March 2011 Report to the Congress on Medicare Payment Policy, the Medicare Payment Advisory Commission (MedPAC) formally endorsed a 1 percent market basket update for fiscal year (FY) 2012 hospice payments. If Congress takes no action on MedPAC’s hospice recommendation, hospices will receive a net update of roughly 2 percent…