Obama’s 10-Year, $2 Trillion Plan to Reduce Health Spending Makes the News Cycle
Anytime there’s a proposal on the table to cut $2 trillion in healthcare spending over 10 years, someone’s financial ox is likely to be gored. Thus, laboratory administrators and pathologists have reason to be skeptical about this development.
It was announced by President Obama at a White House press conference on May 11. Flanked by a cast of luminaries from across healthcare, Obama announced that a variety of stakeholders-described by one reporter as including “a doctors’ lobby, drug makers, hospitals, insurance companies and health care workers”-would work together to reduce the increase in health spending by 1.5% during each of the next 10 years. It was a superlative political theater and the photo op made the news cycle, from newspapers to 24-hour news channel coverage.
