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VP Biden announces agreement with U.S. hospitals
2009-07-09 01:57:25 (GMT) (Caymanmama.com - Government Health News News)
Des Moines, Iowa (CaymanMama.com) — Health care reform is just beyond the horizon as U.S. Vice President Joe Biden made an announcement on Wednesday about a deal that has been finalized with hospitals to help fund health care reform.
Biden said the nation’s medical industry has vowed to contribute $155 billion in Medicare and Medicaid savings over the next ten years.
“We’re here today to make our health care system healthy again,” Biden began.
“Hospitals have acknowledged that significant health care savings can be achieved by improving efficiencies, realigning incentives to emphasize quality care instead of quantity of procedures.”
“In the last several weeks, they’ve been working with (Senate Finance Committee) Chairman (Max) Baucus and are coming forward with a proposal that produces real savings in federal health care spending. Savings that will be applied toward the president’s firm goal … of enacting health care reform that is deficit neutral.”
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