Meanwhile, new questions are being raised about the concessions won by the healthcare industry in return for making cost-cutting deals with the White House to help pay for healthcare reform. The Obama administration is set to formally unveil a deal with major hospitals to save $145 billion in payments over ten years. The pharmaceutical industry has also committed to an $80 billion fee cut over ten years. But pharmaceutical companies say Senate Finance Committee Chair Max Baucus has promised to oppose a House Democratic proposal that would drastically lower the drug prices for Medicare recipients previously covered by Medicaid. Last week, the retail giant Wal-Mart backed proposals requiring businesses to provide employees with mandatory health insurance. But in return, Wal-Mart wants to eliminate requirements that would force employers to cover part of the cost for workers covered by Medicaid.
Health Industry Wins Concessions in Healthcare Reform Deals
HeadlineJul 08, 2009