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Obama defends proposed health office

New York Times, July 27, 2009

The Congressional Budget Office said a new agency proposed by President Obama as a way to cut health costs might save only $2 billion in its first four years, and that there was a high probability that "no savings would be realized." The report came as Obama tried to build support for his healthcare plan, arguing that small-business owners would benefit because they could buy coverage through an insurance exchange and receive tax credits to help pay for employee health benefits.