Sequester would cut $11 billion from Medicare

{mosads}Grants to help states establish insurance exchanges — new marketplaces for private insurance coverage — would lose $66 million, the administration said. The law’s prevention and public health fund would lose $76 million

Overall “program management” at the agency that oversees Medicare and Medicaid would be cut by more than $60 million if the automatic spending cuts are allowed to go into effect.

Congress exempted Medicaid and the Children’s Health Insurance Program from the sequester, but other healthcare programs would have to absorb big hits.

The Food and Drug Administration would lose $318 million — more than 8 percent of its budget. And the National Institutes of Health would see a cut of more than $2.5 billion. Academics and other advocates for medical research say the NIH cuts would be devastating for medical science.