Obama Unveils Plan to Reduce Spending on Health Care

Pushing for comprehensive care

President Barack Obama and a group of several different types of health care providers have joined forces and promised to stem the increase in spending on health care in the United States.

Both the health industry leaders and the White House administration intend for this move to bring the country closer to having comprehensive health care for everyone in the United States.

A common goal

Obama ultimately strives to make health care more readily available and affordable for Americans. Hospital representatives, doctors, insurance companies and drug makers were all present at the announcement made at the White House today.

These health-care industry representatives pledged to sharply reduce the growth the country has seen over the years in spending on health care. Perhaps now fewer Americans will have to weigh the options of whether to get personal loans to cover health care costs or skip preventative procedures.

Slow going

The New York Times explains that this move does not mean the health-care industry has promised to reduce costs:

The pledge, if kept, would not reduce overall health spending but merely slow its growth. Still, White House officials said the plan could save $2,500 a year for a family of four in the fifth year, and a total of $2 trillion for the country over 10 years.

The hope is to make a move to comprehensive health insurance less expensive to the federal government. ... click here to read the rest of the article titled "Obama Unveils Plan to Reduce Spending on Health Care"