Despite fanfare, experts say health industry's cost saving plan lacks key details
President Obama appeared to put his faith in pledges from some of the healthcare interest groups that have pledged to cut the rate of growth of national healthcare spending by 1.5 percentage points each year—an amount that's equal to over $2 trillion. Administration allies cheered the news that the health lobby is eager to join reform negotiations, but many offered a cautionary note that warm words from the industry cannot be mistaken for enforceable policy change.
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