03/04/2013 09:24 am ET

The Sequestration Equation

Michigan could see a total economic loss of more than $500 million and at least 10,000 jobs in research, health care and defense by October, according to various industry and government projections of fallout from the federal budget sequester.

The sequester -- automatic budget cuts of more than $1 trillion over 10 years, including $85 billion in fiscal 2013 under the federal Budget Control Act of 2011 -- means the Michigan Health & Hospital Association projects a $143 million loss of funding to the state's 134 hospitals in 2013.

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