Obama's budget calls for thinner payments to hospitals

U.S. President Barack Obama aims to squeeze payments to insurers, hospitals, doctors and drug manufacturers in order to help fund a $634 billion reserve fund targeted for an overhaul of the country’s health care system, The Washington Post reported February 26.

Obama’s plan is to extend health insurance to more Americans and control medical bills.

"We aim to get to universal coverage," administration budget aide Keith Fontenot said in The Washington Post. Obama is "open to any ideas people want to put forward. He wants to work openly with the Congress in a very inclusive process."

Read the full story in The Washington Post.

[ via Patient Financial Services Advisor ]