News Headlines Article

The economics of nursing

Since the federal budget sequester became a reality on April 1, there has not been an immediate effect on nursing and healthcare organizations. No hospitals or long-term care facilities reported nursing layoffs directly related to the cuts, according to state and national industry organizations. But sequestration, which cuts about 5% from the U.S. Department of Health and Human Services’ budget and 2% from Medicare reimbursements to healthcare providers in an effort to reduce the federal budget deficit, comes on top of a recent recession and a spate of state and federal belt-tightening.