Getting your player ready...
WASHINGTON — With the release of his budget today, President Barack Obama intends to announce the creation of a 10-year, $634 billion “reserve fund” to partially pay for a vast expansion of the U.S. health-care system, an overhaul that many experts project will cost as much as $1 trillion over the next decade.
The expansion would be funded by trimming tax breaks for the wealthy and tightening payments to insurers, hospitals and physicians, according to a senior administration official.
“We wanted to get this process going by putting some serious resources on the table,” said the official, who spoke off the record until the formal release of the budget blueprint. The Washington Post
