News Headlines Article

Providers oppose House sequester measure
Modern Healthcare

Healthcare providers are lining up against legislation the House will vote on Thursday that would replace part of the mandatory federal spending reductions scheduled for 2013 while maintaining billions in Medicare cuts.

As part of the ongoing fiscal-cliff negotiations, House Majority Leader Eric Cantor (R-Va.) introduced the Spending Reduction Act of 2012, which would supplant one year of the sequester—the across-the-board spending cuts to defense and nondefense programs outlined in last year’s Budget Control Act—with other spending cuts and an additional $200 billion in savings over 10 years.