Ilisa Halpern Paul, Managing Government Relations Director in the Washington, D.C. office, was quoted in a recent Modern Healthcare article titled, “Reform Update: Healthcare Reform at Heart of Budget Stalemate.” The article discussed the latest budget battle and how the congressional lawmakers will agree to fund federal government operations when the federal fiscal year ends after Sept. 30.
Last week, Congress found itself in a budget stalemate with the healthcare reform law at the center. While policy experts don’t believe it will have a significant impact on the healthcare industry this year, they worry about the long-term effects of those financial policy decisions.
Amid all of the funding woes for providers is sequestration. The continuing resolution put forward last week would hold funding for government programs at the current, post-sequestration annual rate.
“One of the challenges of measuring the impact of sequestration is that, for the most part, the adverse impact is not immediate, yet, it has a corrosive effect long term. The government does not report outcomes or earnings quarterly like the private sector,” said Ilisa.
She added, “Sequestration is a bit like a slow drip or leak — you don’t really notice until the cumulative negative effect of having the ceiling caving in from water damage or the tire going flat.”