Healthcare Groups Propose Cost-Cutting Measures

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Floral Industry Legislative Issues - Health Care Reform

Representatives from leading groups in the healthcare industry have pledged to cut $2 trillion from the growth of health care costs over the next decade. The groups met yesterday at the White House with President Obama and have vowed to work together to provide quality, affordable coverage and access to healthcare.

The pledge comes at a time when the Obama administration continues to push for significant healthcare reform. Some administration officials say this development will increase momentum for passing reform legislation this year.

The groups said they would do their part to lower the rise in healthcare costs by 1.5 percent a year through new efficiencies. Specific details of how to generate such savings have not been spelled out, but administration officials were pleased with the offer from groups that in the past have balked at healthcare reform.

We will keep you updated as developments happen.

Read the President's Remarks

Read the Letter Sent from Health Care Groups to President Obama