President Obama's Health Care Reserve Fund

A White House official tells ABC News that in his budget tomorrow, President Obama will introduce a $634 billion health care reserve fund dedicated towards health care reform. Approximately half of the funding, the official says, will come from improved efficiencies in Medicare and Medicaid: attacking overbilling, introducing competitive bidding processes, and incentivizing better health care that reduces lowering readmission rates. The other half, the official says, would come from altering a provision in the tax code. More to come... -- jpt

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