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Health Industry Says Obama Overstated Pledge to Cut Costs – Obama stood by a group of executives and lobbyists from hospitals, insurance companies and drug manufacturers and said they’d agreed to cut healthcare costs by 1.5 percent per year, or $2 trillion over the next decade. But on Thursday, the companies said they never agreed to specific yearly cuts, but only vague voluntary goals
Obama Questioned on Single Payer – Obama said “you’ve got this system that’s already in place. We don’t want a huge disruption as we go into healthcare reform, where suddenly we’re trying to completely reinvent one-sixth of the economy”
House Dems Propose Government-Run Health Plan – The plan would require all Americans to buy health insurance and provide government subsidies for premiums to families with household incomes of up to $88,000. Employers would be forced to offer health coverage to employees or help fund it through a payroll tax. The proposal also calls for the creation of a new government insurance plan to compete with private companies. The proposed government plan would be run by the Department of Health and Human Services
Insurance Firms to Receive Billions in Taxpayer Aid – The Treasury has given preliminary approval for granting assistance to Hartford Financial Services Group, Prudential Financial, Lincoln National, Allstate, Ameriprise and Principal Financial Group. Hartford says it could receive up to $3.4 billion
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