Major Regional Business Organization Urges Relief for Teaching Hospitals.BOSTON--(BUSINESS WIRE)--Oct. 6, 1999-- The New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Council has asked the New England Congressional Delegation to support pending legislation that will provide relief to the region's teaching hospitals. In a letter to the region's 35-member congressional delegation, New England Council President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. James T. Brett urged lawmakers to support the "Graduate Medical Education Payment Restoration Act of 1999." The legislation, introduced by Rep. Charles Rangel and Senator Patrick Moynihan of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , aims to freeze further Indirect Medical Education (IME IME Input Method Editor IME Instituto de Matemática e Estatistica (Portugese and Spanish; USP, Sao Paulo, Brazil) IME In My Experience IME Instituto Militar de Engenharia (Rio de Janeiro, Brazil) ) payment reductions to teaching hospitals that are required by the Balanced Budget Balanced budget A budget in which the income equals expenditure. See: budget. balanced budget A budget in which the expenditures incurred during a given period are matched by revenues. Act. Senator Edward Kennedy of Massachusetts is the lead co-sponsor of the legislation for the New England region. IME payments are extra payments made to teaching hospitals for training the next generation of doctors. Currently IME payment reductions are scheduled to increase by a full percentage point next year. According to the Association of American Medical Colleges Association of American Medical Colleges, n.pr a nonprofit organization founded in 1876 to reform medical education and represent medical schools, major teaching hospitals, scientific and academic faculty, medical students, and residents. , the legislation will save New England's teaching hospitals an estimated $240 million over five years, with nationwide savings equal to $2.4 Billion. Brett stated, "New England's teaching hospitals make significant contributions to the advancement of medicine and knowledge. Additionally they are the foundation for the region's fastest growing industry sectors such as biotech, medical devices and pharmaceuticals. It is critically important that we preserve them, their mission and what is an irreplaceable asset for the New England economy." The New England Council, comprised of New England's leading manufacturers, financial and academic institutions, technology and service companies, and public and non-profit agencies, is the region's oldest and most successful regional business organization. Its mission is to promote federal legislation and initiatives that enhance the economy of the six-state region. |
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