Associated Press: Obama Lauds Industry Offer to Cut Health Costs

From The Associated Press: President Barack Obama on Monday portrayed the health care industry's promise to cut $2 trillion in costs over 10 years as "a watershed event" in the long search for a solution to the millions of uninsured. Whether that is true won't be readily known as debate begins in Congress over sweeping health care legislation.

What is known now is that the move puts the industry groups involved firmly inside the process of expanding coverage, with the hope they can steer the final product toward something that doesn't restrict their profitability.

"I will not rest until the dream of health care reform is achieved in the United States of America," Obama declared in the White House's State Dining Room as he announced the voluntary offer made to the White House Monday by a consortium of hospitals, insurance companies, drug makers and doctors.

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