President Barack Obama on Tuesday welcomed progress on health care overhaul as Senate Democrats and the administration closed in on a deal with hospitals to help pay for his proposed expansion of medical coverage to the uninsured.
Several officials said Monday that after talks involving the White House and Sen. Max Baucus, the chairman of the Senate Finance Committee, that hospitals were on the verge of agreeing to reduce their anticipated payments from Medicare and Medicaid by about $155 billion over a decade. The government could use the money to help provide health coverage to millions who now lack it....
Obama wants to sign a comprehensive bill in October that would reduce health costs and provide coverage to the nearly 50 million uninsured Americans. The next few weeks are critical in Congress as various committees craft legislation that Democrats hope the House and Senate can vote on before the August recess.
This is an excerpt from a July 7 article by the Associated Press. To read the full article, click here.
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