AP source: $2 trillion offered in health savings
Top representatives of the health care industry plan to offer $2 trillion in cost reductions over 10 years in a bid to help pass President Barack Obama's health overhaul, AP reported.
The industry officials plan to be at White House on Monday to present the offer.
A source outside the administration told The Associated Press that the savings would come from slowing projected cost increases by a small percentage each year for 10 years. The end result would be an estimated $2 trillion in savings.
The source spoke on condition of anonymity so as not to pre-empt the public announcement.
The groups represent the insurance industry, hospitals, doctors, drug makers and a major labor union.
The insurance industry group America's Health Insurance Plans has said previously that it's possible to "bend the cost curve" by shaving about a small percentage a year from annual increases that now run far ahead of general inflation.