On April 15, the House of Representatives voted 235-193, mostly along party lines, to approve House Budget Committee Chair Paul Ryan's (R-Wis.) fiscal year 2012 budget resolution. The plan aims to trim the cumulative projected federal budget deficit by $1.649 trillion over the 2012-2021 budget window from current law. The savings are proposed to come from substantial cuts in discretionary spending as well as overhauls to the Medicare and Medicaid programs. This budget would make significant changes to Medicare and Medicaid by providing Medicare beneficiaries with lump-sum vouchers to purchase private insurance and providing states with fixed annual block grants for their Medicaid programs. The budget resolution is not legislation, but provides appropriate committees with guidelines to produce legislation detailing specific spending and revenue changes to meet the resolution’s goals.
Dallas L Alford IV, CPA is a licensed Certified Public Accountant in the state of North Carolina and owner of Atlantic Financial Consulting, a consulting firm that provides comprehensive medical billing services, practice management consulting, coding audits, Medicare compliance, Medicare RAC support and other general medical practice consulting services.
To learn more about Atlantic Financial Consulting you may visit their website at http://atlanticfinancial.us or contact Dallas L Alford IV, CPA directly at 1 888-428-2555, Ext. 200.
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