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3 Hospital Associations Reach Deal with Administration

by Karl Gotthardt - albertacowpoke | July 7, 2009 at 03:40 am

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Three American Hospital associations agreed last night to contribute $155 Billion over then years to cover the cost of insuring America's 47 Million uninsured.

The deal reached with the White House last night is one of many side deals that have been reached to reduce costs of the proposed health care system.

The deals are aimed at neutralizing those interests that are normally opposed to Health Care reforms.

Since President Obama is outside of the country, it is expected that Vice President Biden will make the announcement sometime tomorrow.

"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."

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."