Seeking to fend off larger cuts in federal medical spending, executives from big pharmaceutical, hospital and insurance companies are crafting their own plan to reduce the deficit which calls for wringing Medicare savings from beneficiaries, not just from hospitals and drug makers. Members of the Healthcare Leadership Council—which includes top executives from Pfizer Inc., Aetna Inc. and the Mayo Clinic—on Wednesday are expected to approve a proposal that would call for raising Medicare's eligibility age and shifting the program toward private plans for beneficiaries.

Wall Street Journal, Janet Adamy, 9/14/11

Tags: Health Policy