Private sector signs on for health care reform
Jennifer Liberto, CNNMoney.com senior writer
On Sunday May 10, 2009, 9:25 pm EDT
President Obama will announce Monday that he has secured the commitment of several industry groups to do their part to rein in the growth in health care costs.
This pledge from the private sector could reduce the growth in health care spending by 1.5 percentage points a year, for a savings of $2 trillion over 10 years, a letter from the groups will promise, according to a senior administration official. Overall, it could amount to a 20% reduction in the growth of health care spending.
Six trade associations representing unions, hospitals, insurers and the drug industry have signed on to the commitment.
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http://finance.yahoo.com/news/Private-sector-signs-on-for-cnnm-15194800.html
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