Private health plans targeted in Medicare bill
AP/Yahoo News, June 12, 2008
U.S. health insurers are targeted for billions in cuts in legislation that lawmakers will begin debating. Payments to health insurers which contract with the government Medicare program would be trimmed under competing plans offered by the top Democrat and Republican on the Senate Finance Committee. Lawmakers must pass a legislative fix by June 30, or doctors who treat Medicare patients will face a nearly 11% pay cut.