by Associated Press
Published: Sun, May 10, 2009 - 6:21 pm CST
Last Updated: Sun, May 10, 2009 - 6:57 pm CST
WASHINGTON (AP) - Top representatives of the health careindustry plan to offer $2 trillion in cost reductions over 10 years
in a bid to help pass President Barack Obama's health overhaul.
The industry officials plan to be at White House on Monday to
present the offer.
A source outside the administration told The Associated Press
that the savings would come from slowing projected cost increases
by a small percentage each year for 10 years. The end result would
be an estimated $2 trillion in savings.
The source spoke on condition of anonymity so as not to pre-empt
the public announcement.
The groups represent the insurance industry, hospitals, doctors,
drug makers and a major labor union.
The insurance industry group America's Health Insurance Plans
has said previously that it's possible to "bend the cost curve"
by shaving about a small percentage a year from annual increases
that now run far ahead of general inflation.
Web Wednesday: Making Health Care Reform Crystal Clear
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