US President Barack Obama has announced new plans to save a further $313 billion for health care reform over the next 10 years, including $75 billion cuts in the prices paid by Medicare for prescription drugs.
The proposed new savings - which come on top of the $635 billion “down payment” on health reform which Pres Obama detailed in his February budget – will also include an estimated $106 billion to be saved from reduced hospital subsidies for treating the uninsured, as coverage increases.
Announcing the new proposals in his weekly Radio Address on Saturday (June 13), the President said these savings would come from “commonsense changes. For example…if the drug makers pay their fair share, we can cut government spending on prescription drugs. And if doctors have incentives to provide the best care instead of more care, we can help Americans avoid the unnecessary hospital stays, treatments and tests that drive up costs.”
A statement from the White House giving more details about the proposals emphasises that the President is committed to undertaking health reform “that is completely paid for and deficit-neutral over the next decade.”
1 comment:
This whole nationalized healthcare effort is a gas. Can't wait to see the taxbill come due. Here's my take on it - hint, this healthcare plan is a steal at only $120,000 per person!: http://investmentlinebacker.blogspot.com/2009/06/nationalizing-healthcare-at-only-120000.html
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