Looming federal spending cuts will hit hospitals where it hurts

March 6, 2013
iVantage Health

An ambulance arrives | Darin Oswald/Idaho Statesman/MCT

By Tony Pugh | McClatchy Newspapers

WASHINGTON — Hospitals across the country will face significant job losses, service reductions and other belt-tightening measures when President Barack Obama signs the order Friday implementing a series of automatic budget cuts.

The sweeping cuts, known as sequestration, would slash $85 billion by cutting jobs and government programs, ranging from Head Start to defense. It also would impose a 2 percent reduction in Medicare payments to hospitals, doctors and insurers, beginning in April.

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Photo: An ambulance arrives | Darin Oswald/Idaho Statesman/MCT

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