September 10th, 2010
12:30 PM ET
12 years ago

Obama: Skyrocketing medical costs will ultimately decline

NOTE: Check out the live blogging of CNN's post-game Presidential news conference analysis.

(CNN) - President Barack Obama insisted Friday that skyrocketing medical costs will ultimately decline as more people are covered due to his administration's health care reform initiative.

Filed under: issues • President Obama
soundoff (80 Responses)
  1. diridi

    the guys who are criticizing are bunch of GOP thugs...they are blinded by GOP bribes...I can see it....I am so glad, and relieved that we passed this much needed health care reform....only lack know this.....

    September 10, 2010 02:49 pm at 2:49 pm |
  2. Fed Up

    Whatever. Your Democrats fell for that one once. The rest of us know better than that. Typical politician! If his mouth is moving........

    September 10, 2010 02:49 pm at 2:49 pm |
  3. really!

    I guess he missed the Congressional Budget Office Report on this one.

    September 10, 2010 02:49 pm at 2:49 pm |
  4. Ancient Texan

    Yeah right! And you'll eliminate the deficit in2011 and pay off the national debt in 2012. With whose money?

    September 10, 2010 02:50 pm at 2:50 pm |
  5. Peter E

    The health costs were doomed to skyrocket the moment private insurers bought up the GOP and their blue dog democrat friends and took the public option off the table. Only with true competition from the public option could costs be lowered. But insurers want to keep fattening their pockets, even as the rest of the country is in recession. Screw everyone else!
    The private corporations themselves have divided the country and have local monopolies everywhere. Hence they don't have any real competition and prices will continue to rise. Over 90% of the country is locally monopolized by a handful of overarching insurance corporations. Sure, they may have 'subsidiaries' with a dozen names, but if you check the parent company, you'll realize that your entire state is monopolized by a single insurance corporation! That's not competition. That's abuse.

    September 10, 2010 02:54 pm at 2:54 pm |
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