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Hospitals To Find $155B In Savings Over Next Decade

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More large institutions are suddenly finding ways to cut a tremendous amount of money from their bottom lines?

Fact or fiction?

From Wash Post:

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. […]

“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.”

So here’s the question…how is this happening? Because Obama was able to get insurers to cut $2 trillion in the next 10 years, and that’s a hell of a lot of money.

Again, how are these companies finding this money?

More as it develops…