Washington Post developing story:

The nation’s hospitals have agreed to give up $155 billion in expected revenue over the next 10 years, money that will bring the White House closer to its goal of paying for broader health coverage, an industry source said tonight. The agreement is between the White House, the Senate Finance Committee and the three major hospital groups: the American Hospital Association, the Federation of American Hospitals and the Catholic Health Association. The hospital groups have agreed to reductions in Medicare payments, and the money they receive for providing uncompensated care will start being reduced. An announcement laying out the agreement is expected Wednesday morning.