Medicare Cuts Threaten 766K Healthcare Jobs, Groups Say
As many as 766,000 healthcare and related jobs could be lost by 2021 with the 2% sequester of Medicare spending that goes into effect Jan. 1, the nation's leading healthcare professional associations said in a joint warning on Wednesday.
The American Medical Association, the American Hospital Association, and the American Nurses Association issued a report Wednesday morning detailing the state-by-state impact of the sequestration as part of their coordinated effort to urge Congress to fix the problem.
"The 2% cut would have such a profound impact on jobs in the healthcare sector," AMA President Jeremy A. Lazarus, MD, told HealthLeaders Media. "It has a tremendous economic impact and a tremendous patient care impact. The AMA, the AHA and the ANA coming together to express our deep concern indicates that this is a high priority for us."
Lazarus says the AMA and scores of professional medical associations and societies are already battling with Congress to stave off the looming 27% Medicare physician payment cut, which also takes effect on Jan. 1 under the sustainable growth rate funding formula.