Medicare Cutbacks
Politicians, hospital administrators, doctors, and union leaders across the country are scrambling to reverse Medicare policy that has cut off, and will continue to cut off, billions of dollars from the health care industry and force cutbacks in critical medical services.
The combination of rising cost in the health care industry and the diminishing Medicare payments are predicted to result in devastating effects to many aspects of the sector. Physicians, treatment facilities, medical training institutions, as well as beneficiaries are all vulnerable to the adverse effects of Medicare cutbacks.
Nationwide, hospitals will lose approximately $1.6 billion annually once new Medicare cuts go into place on October 1, 2002. The cutbacks contained in the fiscal year 2003 budget will present a substantial challenge in the days lying ahead for the programs 550,000 participating physicians and its 39 million beneficiaries (Haugh, 2002). In the resent days of staffing......

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Title: Medicare
Approximate Word Count: 465
Approximate Pages: 2 (250 words per double-spaced page)

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