Health Industry Delivers Plan To White House

By: Associated Press Email
By: Associated Press Email

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Monday, June 1, 2009

Health industry officials delivered a plan to the White House Monday documenting how they'll attempt to save $2 trillion over a decade through measures like reducing hospitalizations and cutting down on paperwork.

They identified three big areas for savings: $150 billion to $180 billion from more efficient use of health care services, $350 billion to $850 billion from better managing chronic diseases, and $500 billion to $700 billion through administrative improvements such as standardizing claim forms.

The health insurers, doctors, hospitals, drug-makers and others were under pressure to make good on a pledge they made last month to curb their own costs to help President Barack Obama achieve his health care overhaul goals.

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