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Operating Income, however, declined 29% compared with last year's second quarter and 18% year to date as increased Medicare inpatient volume met with reduced reimbursement under the Tax Equity and Financial Responsibility Act of 1982 (TEFRA), which lowered the cap on the TEFRA target amount for a Medicare discharge. Second, HGA felt the impact of government mandated Medicare rate reductions under the Tax Equity and Financial Responsibility Act of 1982 ( |
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