Tuesday, July 7, 2009

Hospitals Reach Deal With Administration -

Hospitals Reach Deal With Administration - "Tuesday, July 7, 2009

The nation's hospitals agreed last night to contribute $155 billion over 10 years toward the cost of insuring the 47 million Americans without health coverage, according to two industry sources.

The agreement that three hospital associations reached with White House officials and leaders of the Senate Finance Committee is the latest in a series of side deals that aim to reduce the cost of revamping the nation's health-care system and to neutralize influential industries that have historically opposed such reforms.

With President Obama out of the country, a formal announcement is expected tomorrow from Vice President Biden.

'Getting health-care reform is absolutely critical,' said one hospital negotiator, who was not authorized to speak for attribution about the deal before the official announcement. 'This is our attempt to act in good faith.'"

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