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BLOG: President’s sequestration order cuts Medicare payments to physicians and hospitals by 2%
President Obama signed the long-awaited sequestration order on March 1, officially cutting more than $85 billion from the federal budget for 2013. Coverage of these cuts, in both the popular media and trade press, has focused on the impact on programs for some of the country’s most vulnerable citizens. Perhaps most notably for older patients and those who care for them, however, roughly 12% of the total budget cuts (approximately $11 billion) will come from reductions to the Medicare budget.