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The Author

Leroy Jones, Jr. is the creator of Talking Technology with Leroy Jones, Jr., as well as PoliticalJones.com. He is a Political Commentator and Government Affairs Consultant based in Washington, D.C. For over 20 years, Mr. Jones has worked in federal government affairs, including public service as an aide on both sides of Capitol Hill and the Clinton White House.

Mr. Jones is the host of The PoliticalJones Report with Leroy Jones, Jr. which airs on various radio stations nationwide every Monday and Thursday.

HEALTH TERMS - BASE YEAR COSTS

What is Base Year Costs?

Definition: In Medicare, the amount a hospital actually spent to render care in a previous time period. Depending on the hospital's Medicare cost reporting period, the base year was the fiscal year ending on or after September 30, 1982 and before September 30, 1983 for hospitals in operation at that time.

Recent legislation has made dramatic changes in cost reporting opportunities for healthcare providers, limiting these reimbursements.