New Medicare cuts threaten non-profit hospitals – Moody’s

WASHINGTON (Reuters) – Not-for-profit U.S. hospitals began confronting another threat to their shaky finances last week with the start of reductions to Medicare that are included in the universal federal spending cuts known as sequestration, Moody's Investors Service said on Monday. Sequestration called for slicing 2 percent from reimbursements paid by the Medicare health insurance program for the elderly, beginning on April 1. That will likely lower the revenues of hospitals, physicians and other healthcare providers by $11 billion in 2013, the rating agency said in a special report. …