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House targets health spending

Proposal aims to cut growth in half; Excessive prices would lead to tax

Massachusetts House leaders released a major proposal to curb health care costs Friday, calling for new limits on the fees charged by hospitals and doctors and for creation of an independent agency to monitor medical spending. The lawmakers project their plan would save families an average of $2,000 annually on health insurance premiums.

The long-awaited bill would require the health care industry to cut the growth in spending in about half by 2016, so that it is below the growth of the overall Massachusetts economy.

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