sequestration

Could the Impending Budget Cuts Touch You?

Posted on 11/21/2012 by | Washington Watch | Comments

Bulletin Today | PoliticsSequestration — that’s the five-dollar word for the across-the-board budget cuts looming in the near future — sounds pretty arcane and abstract. But if the automatic cuts go into effect at the beginning of the year, many older Americans could feel them quite tangibly — when they go to the Social Security office, turn on the heat or hear their stomachs rumble. When Democrats and Republicans couldn’t agree on a deficit-reduction package last year, they tied their own hands. They agreed …

Medicare: It’s Not Exactly a Cliffhanger, But . . .

Posted on 11/21/2012 by | Washington Watch | Comments

Bulletin Today | PoliticsWhile Medicare is largely protected from the “fiscal cliff” cuts that could come at the beginning of next year, take note: largely doesn’t mean completely. Congress and the White House are working feverishly to forestall the pending budget cuts and tax increases that have brought us to the edge of the cliff. But if they fail, Medicare service providers — doctors, hospitals, skilled nursing, and so forth — will face a 2 percent reduction in reimbursements. That represents $11 billion …

Automatic Budget Cuts Will Reduce Medicare Payments To Doctors, Providers By $11 Billion

Posted on 09/14/2012 by | Brooklyn, NY | Comments

Bulletin TodaySpecial Post By Mary Agnes Carey | Kaiser Health News staff writer Medicare providers would see reductions of about $11 billion beginning in January as part of series of automatic spending cuts set to begin next year unless Congress acts to halt them, according to estimates released Friday by the White House Office of Management and Budget. The numbers came in a report that details how federal agencies would implement roughly $110 billion in mandatory, across-the-board budget cuts agreed to …