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Why Amedisys Is Crashing 14.3% Today

TheMotleyFool

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Why Amedisys Is Crashing 14.3% TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

After the Centers for Medicare and Medicaid Services (CMS) said it may reduce reimbursement for home healthcare by 0.4% in 2018, shares in Amedisys Inc. (NASDAQ: AMED) are losing 14.3% of their value at 1:45 p.m. EDT Wednesday.

The CMS has issued a proposed rule updating the Medicare home health prospective payment system rates and wage index for 2018. The proposal would cut payments to home health agencies next year by 0.4%, or about $80 million. For perspective, CMS reduced payments by 0.7% in 2017.

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Source: Fool.com