health care providers are hoping that the voluntary action will help to stave off new government price constraints.
, drug makers and insurance companies will join [color=#004276]president obama
on monday in announcing their commitment to a sharp reduction in the growth of national health spending, white house officials said sunday.
the 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 nation over 10 years. that could make it less expensive for congress to enact comprehensive [color=#004276]health insurance
coverage, a daunting challenge facing the obama administration...
in a letter addressed to mr. obama, six leaders of the health care industry say: "we will do our part to achieve your administration's goal of decreasing by 1.5 percentage points the annual health care spending growth rate, saving $2 trillion or more. this represents more than a 20 percent reduction in the projected rate of growth."
the letter was signed by executives of the advanced medical technology association, a lobby for medical device manufacturers; the american hospital association; the [color=#004276]american medical association
; america's health insurance plans, a trade group for insurers; the pharmaceutical research and manufacturers of america; and the [color=#004276]service employees international union
the [color=#004276]department of health and human services
estimates that health spending will grow an average of 6.2 percent a year in the coming decade, to $4.4 trillion in 2018 from $2.4 trillion last year.
health care now accounts for about 17 percent of the overall economy and, with no change in existing law, the share will grow to 21 percent in 2019, administration officials said. the commitments made by health care providers would hold down the share to 18 percent of the economy, and that difference is equivalent to savings of nearly $700 billion in 2019 alone, the officials said...
to read the rest of the article, go to: http://www.nytimes.com/2009/05/11/he..._r=1&th&emc=th
May 11, '09
Think those insurance execs are going to give up their multi-million salaries? No way! I don't think anyone has any new ideas about controlling costs. Same old song, different verse. Just allota political hot air. The only ones who are going to have to give up anything are the patients, and well, like usual, staff.
Last edit by country mom on May 11, '09
: Reason: spelling error