The Medicare program has reduced financial penalties to more than 1,200 hospitals with excessive readmissions, Kaiser Health News reported. The reductions stemmed from a second correction of the formula for calculating penalties. Although most of the adjustments were slight, some hospitals saw significant reductions. The big winner of the latest adjustment was St. Claire Regional Medical Center in Morehead, Ky., which saw its penalty drop from 0.93 percent to 0.72 percent of every payment Medicare makes for a patient admitted to the hospital. >> Read the full article at FierceHealthcare