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Obama outlines healthcare savings | Obama outlines healthcare savings |
(1 day later) | |
President Barack Obama has announced a further $313bn (£190bn) in proposed savings to help reform US healthcare. | President Barack Obama has announced a further $313bn (£190bn) in proposed savings to help reform US healthcare. |
His proposed 10-year reform programme is estimated to cost about $1 trillion, and aims to make healthcare available to all Americans. | His proposed 10-year reform programme is estimated to cost about $1 trillion, and aims to make healthcare available to all Americans. |
He said the savings would "rein in unnecessary spending and increase efficiency and the quality of care". | He said the savings would "rein in unnecessary spending and increase efficiency and the quality of care". |
The US spends more than $2 trillion a year on healthcare, although nearly 50m people have no medical insurance. | The US spends more than $2 trillion a year on healthcare, although nearly 50m people have no medical insurance. |
In his weekly radio address, President Obama said: "I have made a firm commitment that healthcare reform will not add to the federal deficit over the next decade." | In his weekly radio address, President Obama said: "I have made a firm commitment that healthcare reform will not add to the federal deficit over the next decade." |
Cutting waste | Cutting waste |
His announcement of the additional $313bn comes on top of the $635bn down payment on reform detailed in the budget proposal submitted to Congress this year. | His announcement of the additional $313bn comes on top of the $635bn down payment on reform detailed in the budget proposal submitted to Congress this year. |
The savings will incorporate cutting waste in the Medicare programme for the elderly and Medicaid programme for poor people. | The savings will incorporate cutting waste in the Medicare programme for the elderly and Medicaid programme for poor people. |
Mr Obama, who has pledged to halve the budget deficit he inherited from the Bush administration by 2013, said Medicare and Medicaid could leave the country "with a mountain of debt" that future generations would not be able to pay. | Mr Obama, who has pledged to halve the budget deficit he inherited from the Bush administration by 2013, said Medicare and Medicaid could leave the country "with a mountain of debt" that future generations would not be able to pay. |
"We cannot continue down this path," he noted. | "We cannot continue down this path," he noted. |
"I do not accept a future where Americans forego healthcare because they can't pay for it, and more and more families go without coverage at all." | "I do not accept a future where Americans forego healthcare because they can't pay for it, and more and more families go without coverage at all." |
Health reform was one of Mr Obama's key election promises, as he focused on providing healthcare for the 46 million citizens, about 15% of the population, who have no medical cover. |
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