CORRECTED - US health insurers discuss $100 billion in savings

Mon Jul 13, 2009 1:31pm EDT
 
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(Corrects hospital sector cuts to $155 billion in second paragraph instead of $255 billion)

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)

 
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