Currently there is a 2% across–the-board cut on Medicare reimbursements, and Oldacker says healthcare organizations can expect that to remain in effect at least for a few months into next year.
Though politicians have talked about compromise after the election, over the last four years Democrats and Republicans in the House and Senate have failed to do so, which has stalled numerous pieces of legislation. With the political landscape changing very little after the 2012 election, the question looms: can legislators set aside differences to keep the economy from sailing over the edge of the fiscal cliff? That's perhaps the most unpredictable element of attaining a resolution to the problem.
"At the end of the day, I think Congress will act in a way so as not to allow sequestration," says Oldaker. "But that's only part of the problem; they'll still have to get a budget agreement to lower the deficit."