Nursing homes will also be taking a hit. Many states will be facing extremely high Medicare cuts to skilled nursing facilities. Florida will stand to lose $66 million, Ohio will be reduced by $37.3 million, and Pennsylvania could face a $36.9 million decrease.
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A federal budget deal scheduled to begin taking effect on January 1st will cut Medicare spending by 2%. This budget cut is a part of the 2011 Budget Control Act that is attempting to reduce government spending by $2.1 trillion over the next ten years. The Medicare cuts are a part of what is called the budget sequester. While this may not seem like a large percentage, the effects would be huge and nursing jobs across the country.
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