Jobs on the line.

Looming Medicare cuts threaten to have a devastating impact on the economy and jobs, according to a report issued late last month by the American Hospital Association, American Medical Association and American Nurses Association. The groups claim that the 2 percent reduction in Medicare payments called for under the Budget Control Act of 2011 (sequestration) will result in the loss of more than 766,000 health care and related jobs by 2021. The AHA-AMA-ANA report looked at three different areas that would be affected by the Medicare cuts:

--DIRECT IMPACT | Health care organizations that receive Medicare payments

--INDIRECT IMPACT | The impact of local industries buying goods and services from other local industries

--INDUCED IMPACT | What happens when workers don't spend their income

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Title Annotation:	Quick Tale
Publication:	H&HN Hospitals & Health Networks
Date:	Oct 1, 2012
Words:	124
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Topics:	Medicare