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Obama proposes $634 billion fund for healthcare

Washington Post, February 26, 2009

President Obama is proposing to begin a vast expansion of the U.S. healthcare system by creating a $634 billion reserve fund over the next decade. The move will launch an overhaul that most experts project will ultimately cost at least $1 trillion. The "reserve fund" in the proposal is Obama's attempt to demonstrate how the country could extend health insurance to millions more Americans and at the same time begin to control escalating medical bills that threaten the solvency of families, businesses, and the government.