Healthcare groups commit to cutting costs; Minnix reiterates need to talk about long-term care

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Larry Minnix
Larry Minnix
Major healthcare providers pledged Monday to reduce cost increases by $2 trillion over the next decade. In response, one long-term care association issued a statement about the importance of including long-term care in any discussion about healthcare reform.

“Without addressing how long-term services and supports are to be financed and re-engineered, we're only addressing half of the problem,” said Larry Minnix, president and CEO of the American Association of Homes and Services for the Aging, in a public statement.

Groups representing hospitals, health-insurance companies, doctors, drug makers, medical-device makers and labor joined in making the announcement Monday. The commitment to cut costs from the private healthcare sector comes as Congress is preparing to craft legislation to expand access to health insurance. Today, the Senate Finance Committee expects to hold talks on how to pay for a public health insurance plan.