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Study estimates extended impact of Medicare cuts on TN economy

February 8, 2013

Existing federal cuts to hospital Medicare payments could cost the Tennessee economy $13.3 billion over 10 years, according to a new study by the Tennessee Hospital Association. Employing a widely used economic impact model, THA estimates that $5.6 billion in projected Medicare cuts to Tennessee hospitals would cost the state more than 90,000 jobs, returning unemployment to its peak level in the recent recession. "Hospitals are very important to their communities in many ways that go beyond providing necessary services to patients," said THA President Craig Becker "…For our state to absorb cuts of this size and scope, without using every possible means to offset the cuts, will create a ripple effect, the likes of which Tennessee communities have never seen before."