President Barack Obama said Saturday he wants to make additional resources available for overhauling the nation's health care system by dramatically reducing current medical costs to the government, CNN reported.
In his weekly radio and Internet address, Obama proposed $313 billion in cuts and new savings over the next decade. Some of the funds would come from from expected increases in efficiency, reductions in excessive hospital payments and drug cost savings from individuals enrolled in both Medicare and Medicaid, according to the White House.
However, Obama did not specify precisely what form much of those cuts might take.
He said Saturday the new savings would "come from commonsense changes."
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