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Hospital shares initially fell sharply but recovered some territory before the end of regular trading.
In a speech on Monday before the American Medical Association, Obama proposed eliminating another $313 billion in spending from programs such as Medicare and Medicaid to help pay for healthcare reforms that would include a public insurance plan.
Obama's proposal calls for saving $110 billion by reducing annual Medicare payment adjustments to hospitals and $106 billion by reducing subsidies to hospitals that care for large numbers of uninsured patients.
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He talks it down thus destroying it, and then steps in to fix it. Where have we seen that model before?
He could fix it now, by just shutting his pie hole.
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