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Kaine Lauds President Obama's Agreement With Health Care Industry Groups to Reduce Health Care Costs
Date:5/11/2009

Historic Deal Would Save $2 Trillion in Health Care Costs Over Next Ten Years, Provides Significant Momentum to Passing Health Care Reform in Congress This Year

WASHINGTON, May 11 /PRNewswire-USNewswire/ -- Today, key stakeholders in health care reform joined President Obama at the White House to announce their commitment to achieving a sharp reduction in the nation's health care costs. Their plans to prioritize preventive care, manage chronic illnesses, curtail unnecessary tests and procedures, standardize insurance claim forms and use electronic medical records could save the nation 1.5 percent a year, or $2 trillion over the next 10 years.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080519/DNCLOGO)

Six health care industry groups including executives of the Advanced Medical Technology Association, a lobby for medical device manufacturers; the American Hospital Association; the American Medical Association; the America's Health Insurance Plans, a trade group for insurers; the Pharmaceutical Research and Manufacturers of America; and the Service Employees International Union met with the President today and presented him a letter pledging to pursue efforts like those outlined above to make significant costs savings in the health care system over the next ten years. These groups represent a "strange bedfellows" coalition of competing interests which have concluded that health care costs are rising at an unsustainable rate and must be curtailed.

DNC Chairman Tim Kaine issued the following statement after the announcement at the White House and called on Members of Congress, Democrats and Republicans, to get behind broader health care reform this year:

"Health care industry leaders joined President Obama t
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SOURCE Democratic National Committee
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