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Hospitals: Debt Deal Trigger Could Result In 194,000 Jobs Lost

The American Hospital Association — which is lobbying Congress to increase the Medicare eligibility age — is touting a new study, which finds that “194,000 jobs could be lost if the Joint Select Committee fails to come to a compromise on spending cuts and a sequestration occurs.” “The Medicare program would be subject to a two percent cut that translates to a projected loss of approximately $41 billion over the next 10 years for hospitals. By 2021, this could lead to more than 194,000 jobs lost,” it concludes.

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