Stimulus Health Economists: Savings Will Require Sacrifice
by Tom Murphy
May 11, 2009
A health industry offer on Monday to trim costs by $2 trillion over the next decade found a skeptical audience among health care economists, who say such savings might materialize only if many parts of the industry are ready to sacrifice.
President Barack Obama announced a voluntary offer made by a consortium of hospitals, insurance companies, drugmakers and doctors to cut the growth rate for health care spending by 1.5 percentage points a year.