Healthwatch reports that medical groups sent a letter to Congress urging lawmakers to halt Medicare provider cuts. The cuts, along with the expiration of the sustainable growth rate (SGR) fix for Medicare are slated to take effect Jan. 1.
The groups’ letter voices concern about the outlook of America’s healthcare system and timing of the cuts.
The sequestration developed from August 2011 budget negotiations and would cut payments to Medicare providers by two percent unless Congress interferes before the end of the year. Additionally, if the current SGR fix expires, providers would see an addition cut of 27 percent.
On Wednesday, the American Medical Association, American Hospital Association, and the American Nurses Association released a report concluding that 750,000 healthcare jobs would be cut by 2021 if the cuts take effect.
The study shows the cuts would greatly impact the healthcare economy, including cutting healthcare jobs and reducing purchases of health goods and services.