Medicare Cuts Threaten 500K Jobs in First Year, Groups Say


Health care groups are pushing Congress to stop the 2% scheduled Medicare cut called for in the 2011 Budget Control Act. A report released by the American Medical Association, the American Hospital Association, and the American Nurses Association, details that scheduled cuts could result in the loss of more than 760,000 healthcare and related jobs.

The report included potential job losses for hospitals and physician practices as well as retail stores and food services that could indirectly be affected. The cuts are scheduled to go into effect starting in January 2013 and would last through 2021.

At a briefing in Washington D.C, the groups said that further cuts to Medicare don’t count as reforming the system and they make it harder for doctors to implement real reform.

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