The Hill: Healthcare Groups Detail Cost-Containment Plans

From The Hill: The six interest groups that promised President Obama last month they would vastly reduce national healthcare spending put some meat on the skeleton of their plan Monday.

In a three-page follow-up letter to Obama and 25 pages of proposals, health insurers, physicians, hospitals, pharmaceutical companies, medical device manufacturers and a labor union say their recommendations could save the United States between $1 trillion and $1.73 trillion over 10 years.

Quoting from their original May 11 letter to the president, the interest group leaders vow, “As restructuring takes hold and the population’s health improves over the coming decade, 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.”

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