• Most Popular
  • Most Shared

CORRECTED - US health insurers discuss $100 billion in savings

Mon Jul 13, 2009 1:31pm EDT

(Corrects hospital sector cuts to $155 billion in second paragraph instead of $255 billion)

Stocks  |  Regulatory News  |  Global Markets

WASHINGTON, July 13 (Reuters) - U.S. health insurers are in talks with the Senate Finance Committee to reach savings in the the federal Medicare program of $100 billion over a decade, a source familiar with the talks said on Monday.

As Congress and the White House work on legislation to overhaul the U.S. health industry, health insurers are under pressure to come up with savings to follow commitments made by pharmaceutical industry for savings of $80 billion and the hospital sector for cuts of $155 billion over a decade. (Reporting by Kim Dixon, editing by Jackie Frank and Steve Orlofsky)



More from Reuters

Photo

Investors seen jumping the gun on airport security

BANGALORE (Reuters) - Investors' optimism surrounding the shares of airport security systems makers could be premature as interest in the companies' products after the Christmas Day plane scare is not expected to translate into immediate orders.

Leaves gather in front of an empty and boarded-up house in Youngstown, Ohio November 21, 2009.    REUTERS/Brian Snyder

Castles built on sand

Rust-belt American cities like Youngstown, Ohio were battered by the downturn. Now they're ready to move on, but it won’t be easy. The first in a three-part report.  Full Article 

REUTERS/James Saft

Welcome to the "Teenies"

Shrinking financial sector? Paltry investment returns? Welcome to the the next decade. Don't worry, there's some good news, too.  Commentary