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Admin: Healthcare Reform Top Fiscal Priority

HeadlineFeb 24, 2009

The Obama administration, meanwhile, says it intends to make healthcare reform its top fiscal priority this year. No details were announced on specific proposals. The pledge comes as a new government report says healthcare costs will rise to average more than $8,000 per American this year. That amounts to a per-person increase of $365 from 2008. The Department of Health and Human Services warns the Medicare hospital trust fund continues to lose money and could become insolvent within seven years. Bureaucratic costs as a result of the insurance-based private healthcare systems continue to account for a significant percentage of healthcare spending. Meanwhile, the number of uninsured has also grown. A new report from the Kaiser Family Foundation says 48 million Americans don’t have healthcare coverage.

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