Archives for U.S. budget

How the health care industry will be affected by the sequester

Whether it be through reductions to defense or governmental staffing, tomorrow marks the day that the sequester cuts go into effect. It is yet again an issue that has Americans – and especially retirees – quite anxious. Sources say that Medicare won’t be directly affected, however, the trickle-down affect may cause rumbles to the system. According to an article published by U.S. News, there are three key areas that are cause for health care concern: 1. Hospitals: Decreases in Medicare reimbursement for hospitals and skilled nursing facilities are set to total nearly $4.5 billion, or about $1.3 million for the
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