Next Steps for Federal Deficit Reduction
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With the failure of the Super Committee to reach agreement, mandatory budget cuts via sequestration are scheduled to begin January 2013. Under sequestration, Medicare provider reimbursement is subject to up to a 2% reduction from 2013-2021 while Medicaid and Social Security will not be reduced by sequester. Many issues will impact the overall sequestration before it takes effect, including any possible changes in federal receipts, the tax code, and efforts to modify the reductions by members of Congress and advocates. Click to read more about the anticipated reductions and the National Rural Health Association’s response.
