Monday, August 2, 2010

Obama administration sees savings in healthcare now

According to the Associated Press, the Obama Administration will see $8 billion in savings by the end 0f 2011 thanks to the Affordable Care Act. Over the next ten years, spending will only increase by 5.3%, while savings will come from cuts in hospital payments, improving quality and combating fraud. This comes the same week as Social Security and Medicare from the program's trustees are expected to meet for their annual financial checkup.

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