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Senate bill would hit healthcare: report
Modern Healthcare

A proposed Senate bill to limit federal spending could reduce funding to the nation’s hospitals by more than $700 billion from 2013 to 2021, according to calculations in a report commissioned for AARP and four healthcare associations (PDF). Introduced in February by Sens. Bob Corker (R-Tenn.) and Claire McCaskill (D-Mo.), the bill—the Commitment to American Prosperity Act—aims to lower mandatory and discretionary spending combined to 20.6% of gross domestic product from the current level of 24.7%. AARP, the American College of Cardiology, the American Hospital Association, the American Medical Association and Leading Age commissioned the Lewin Group to analyze the effect of this legislation on families, employers and healthcare providers.