Last year, lawmakers cut $35 million in research funding for the National Cancers Institute, the 1st cut in 35 years in cancer-related study. President Bush’s 2007 spending budget calls for cutting financing by another $40 million, up to now approved by the House. Senate legislation would increase spending by $9 million, a quantity Armstrong said fails to keep pace with medical inflation. ‘This is simply not how you treat a national priority,’ Armstrong testified during a Senate field hearing on cancers funding and research hosted by the University of Iowa.Rockefeller really wants to make it a fresh federal company modeled on the Federal government Reserve and staffed by independent specialists who’ve the power to create reimbursement prices for Medicare. Giving it extended powers, MedPAC could deal with the increasing costs of Medicare, which is normally squeezing the federal government budget . Related StoriesMedicare individuals in rural configurations have lower prices of post-discharge follow-up careNew across-the-plank Medicare cuts may place many sufferers and suppliers at riskTissue Regenix strengthens placement in post-acute wound treatment market with Medicare protection for DermapureAlso, Obama reaffirmed his support for a government-run public medical care insurance program while acknowledging that the program may mean the increased loss of some Republican support, THE BRAND NEW York Times reports.