The two programs would face $1.6 trillion in cuts under the McCaskill/Corker bill, according to The Lewin Group. Its report says the cuts would cause doctors to stop accepting the programs and strip more than 5 million people of their health insurance.
"We know from experience that across-the-board cuts to federal health programs are counterproductive to health system improvements and will ultimately limit access to care for patients," the AMA said in a statement.
Premiums for private insurance would rise by an average of $721 per employee, because of cost-shifting, the report says.
Sen. Jay RockefellerJay RockefellerObama to preserve torture report in presidential papers Lobbying world Overnight Tech: Senators place holds on FCC commissioner MORE (D-W.Va.) has previously said that global spending caps would be even worse for low-income people than proposals to convert federal Medicaid funding into block grants to the states.
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