HEALTH CARE
Hospitals, doctors and other Medicare providers will see a 2 percent cut in government reimbursements because once the cutback takes effect, Medicare will reimburse them at 98 cents on ... more 
HEALTH CARE
Hospitals, doctors and other Medicare providers will see a 2 percent cut in government reimbursements because once the cutback takes effect, Medicare will reimburse them at 98 cents on the dollar. But they aren't complaining because the pain could be a lot worse if President Barack Obama and congressional Republicans actually did reach a sweeping agreement to reduce federal deficits. Automatic cuts taking effect Friday would reduce Medicare spending by about $100 billion over a decade. But Obama had put on the table $400 billion in health care cuts, mainly from Medicare. And Republicans wanted more. On the other hand, Obama's health overhaul law is expected to roll out on time and largely unscathed by the cuts. Part of the reason is that the law's major subsidies to help uninsured people buy private health coverage are structured as tax credits. So is the Affordable Care Act's assistance for small businesses. Tax credits have traditionally been exempted from automatic cuts. (Photo by Joe Raedle/Getty Images) less 
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Wed, Mar 6, 2013 2:00 PM EST