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Medicare cuts will cost 766K jobs, providers say

If a 2 percent reduction of Medicare payments goes through as planned, it could cost more than three-quarters of a million jobs, according to the American Hospital Association, American Medical Association and American Nurses Association. The provider groups are urging Congress to reconsider the budget sequester and the expiring sustainable growth rate fix, The Hill’s Healthwatch noted. The sequester is aimed at saving $2.1 trillion in federal spending over the next 10 years, Kaiser Health News reported.