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Health Industry Wins Concessions in Healthcare Reform Deals

HeadlineJul 08, 2009

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.

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