The Centers for Medicare and Medicaid Services has issued a statement on mandatory spending cuts in the Medicare Fee-for-Service program because of the budget sequestration order that President Obama issued on March 1:
“The Budget Control Act of 2011 requires, among other things, mandatory across-the-board reductions in Federal spending, also known as sequestration. The American Taxpayer Relief Act of 2012 postponed sequestration for 2 months. As required by law, President Obama issued a sequestration order on March 1, 2013. The Administration continues to urge Congress to take prompt action to address the current budget uncertainty and the economic hardships imposed by sequestration.
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