Isn't that amazing? How convenient that the industry who scalps the American public, charging more in America for the same products compared to elsewhere in the world, could magically whip up a few trillion in savings when pushed on cleaning up their act. Yeah, the same thing probably would have happened with a continuation of the GOP approach, such as when Bush refused to negotiation pharmaceutical prices with the industry because well, that's what capitalists do when they have buying power. It was a given that the industry was on the verge of radically changing everything. The timing of this amazing savings could never, ever, never be credited to Obama or the Democrats because we all know it's not possible.
President Barack Obama's plan to provide medical insurance for all Americans took a big step toward becoming reality Sunday after leaders of the health care industry offered $2 trillion in spending reductions over 10 years to help pay for the program.Start your clock to see how long before the Republicans make fun of this savings as well.
Hospitals, insurance companies, drug makers and doctors planned to tell Obama on Monday they'll voluntarily slow their rate increases in coming years in a move that government economists say would create breathing room to help provide health insurance to an estimated 50 million Americans who now go without it.
With this move, Obama picks up key private-sector allies that fought former President Bill Clinton's effort to overhaul health care. Although the offer from the industry groups doesn't resolve thorny details of a new health care system, it does offer the prospect of freeing a large chunk of money to help pay for coverage. And it puts the private-sector groups in a good position to influence the bill Congress is writing.
