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The White House this afternoon released its report on the
forthcoming sequestration. The report, which runs nearly 400 pages,
provides a dire warning, saying that the Office of Management and
Budget's findings leave "no question that the
sequestration would be deeply destructive to national security,
domestic investments, and core government functions" and that
"The Administration strongly believes that sequestration is
bad policy, and that Congress can and should take action to avoid
it by passing a comprehensive and balanced deficit reduction
package."
Among the health care items identified, the report
indicates:
"The National Institutes of Health would have to halt or
curtail scientific research, including needed research into cancer
and childhood diseases." The report identifies a
sequester percentage of 8.2%, or $2.518 billion.
Nondefense CDC spending would also be cut by 8.2%, or about
$464 million
Medicare is subject to a 2% reduction limit, for a total of
$11.085 billion, which will come from provider payments.
We will continue to monitor and sift through the report and
provide information as it becomes available.
For more background on sequestration, please see our
earlier posts.
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