What Does Sequestration Mean to Medicare?

Medicare News Group published an article titled: "What Does Sequestration Mean to Medicare?" Key takeaways from the article are as follows:

• Medicare provider payments will be cut by 2% April 1st, 2013 unless Congress passes an alternate deficit reduction plan before then.
• Cuts will be applied to: 
• Medicare Hospital Insurance (Part A)
• Medicare Medical Insurance (Part B)
• Contractual Payments to Medicare Advantage Plans (Part C)
• Medicare Prescription Drug Plans (Part D)
• 90% of Medicare spending is limited to the 2% in cuts and 8% exemption
• If the sequestration goes into effect, an estimated $11.085 billion in cuts will occur
• From, 2013 to 2021 - the article stated that the Congressional Budget Office estimates that $31 billion will be spent because of the sequestration. 

To view the full article, please click the following link: What Does Sequestration Mean to Medicare?

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