Report: Sequester could cost more than 750,000 jobs

More than 766,000 health care and other jobs could be lost by 2021 as result of the 2% reduction in Medicare spending mandated by the Budget Control Act of 2011, according to a report released today by the AHA, American Medical Association and American Nurses Association. About 500,000 jobs, including nearly 93,000 hospital jobs, could be lost in 2013 – the first year the Medicare sequester is scheduled to take effect, according to the report by Tripp Umbach, a firm specializing in economic impact studies. Nationally, more than 144,000 hospital jobs would be lost by 2021, notes the report, which also details total job losses by state. “Hospitals’ ability to maintain the kind of access to services that their communities need is being threatened,” said AHA President and CEO Rich Umbdenstock. “Cuts to hospital services could create devastating job losses in communities where hospitals have long been an economic mainstay.” AHA News Now, September 12, 2012

This entry was posted in Data & Publications, In the News.

Comments are closed.