Obama: Deal is 'turning point' in health reform

By
June 21, 2009 05:30

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The pharmaceutical industry has agreed to spend $80 billion over a decade to defray the cost of health care reform and improve coverage for the elderly, causing President Barack Obama to say the nation is at "a turning point" in his effort to bring health insurance to all Americans. After secretive negotiations involving key lawmakers and the White House, the pharmaceutical industry agreed Saturday to improve drug benefits in the government's Medicare program for the elderly, narrowing a gap in prescription coverage. While the changes in the prescription drug program would directly lower government costs, several officials also said the industry agreed to measures that would give the Treasury more money under federal health programs. In particular, officials said drug companies would likely pay higher rebates for certain drugs under Medicaid, the government program that provides health care for the poor.

Related Content

Breaking news
July 17, 2018
Report: Terror balloon lands in kindergarten, no casualties reported

By JPOST.COM STAFF