Biden Announces Health Care Deal

July 8, 2009 12:00:00 AM PDT
In an effort to help pay for a potential $1-trillion dollar health care reform bill, Vice President Joe Biden announced a new deal with three major hospital associations. Those groups agreed to take about $155-billion dollars less from Medicare, Medicaid and subsidies over the next decade to help bring down health care costs.

The Obama administration is still hoping to gain support for a public option for health care.

In a Wall Street Journal interview Tuesday, White House Chief of Staff Rahm Emanuel hinted the public option was negotiable; only to be shot down quickly by President Barack Obama in Moscow.

The president released a statement saying, "One of the best ways to bring down costs, provide more choices, and assure quality is a public option that will force the insurance companies to compete."

Democratic lawmakers are facing their own battles in congress over another suggestion to raise cash by taxing health care benefits.

The White House is pushing congress to deliver a health care bill the president can sign before lawmakers leave for August recess.

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