Providers, and the rest of the country, will learn Wednesday whether President Obama’s congressional “super committee” has agreed on a combination of funding cuts and tax increases that total $1.2 trillion. Technically called the President’s National Commission on Fiscal Responsibility, it has been extremely tight-lipped about its work of several months. If the bipartisan mix of Senate and House members can’t agree on recommendations, automatic 2% funding cuts will begin in 2013. Fearful that any alternative could be worse, many providers are hoping for the 2% across-the-board cuts, and some have already factored them into future planning.
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