A study commissioned by the AAMC and released in July found that proposed cuts to federal support for major teaching hospitals
would result in a loss of nearly 73,000 full-time jobs and $654 million in local and state revenue. In a letter to President
Obama in July, AAMC President Darrell Kirch, M.D., said that reductions in Medicare's support for GME proposed by the National
Commission on Fiscal Responsibility and Reform would threaten the training of doctors even as a severe shortage of physicians
is being predicted for coming years. (The commission was appointed by President Obama and issued a report, "The Moment of
Truth," in December 2010.)