Obama calls USD 80 bln cost-cutting plan “turning point” to overhaul healthcare
Washington, June 21: US President Barack Obama praised a plan to cut costs of prescription drugs for the elderly a “turning point” in the nation’s effort to overhaul health care, in a statement released late Saturday. Obama heralded the agreement reached following negotiations between Democrat Senator Max Baucus from Montana, and the nation’s top drugmakers, which would offer 80 billion dollars over 10 years to help elderly Americans afford medicine and cut the costs of enacting sweeping health care reforms.