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Looming Budget Cuts Make Hospital Belt-Tightening Increasingly Difficult
Health Leaders Media

The economy might be on the rebound, but the nation’s hospitals should still brace for the possibility of $360 billion in cuts in Medicaid, Medicare, and other federally funded healthcare programs and services over the next decade.

Moody’s Investors Service said in a credit outlook that the ongoing reductions in federal funding for healthcare in the fiscal 2013 budget and beyond could make it disproportionately more difficult and more expensive to borrow money for hospitals that rely on Medicare.

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