The Sydney Morning Herald reports:

Obama's health breakthrough is a $2 trillion saving. In his first big coup as the "consensus president", the major lobby groups voluntarily agreed to trim the growth in health-care costs by 1.5 percentage points a year for the next 10 years... The saving for a family, five years into the pledge, would equate to $US2500 ($3265), White House officials said. They billed the agreement as "a game changer" because it would add new momentum to the push for health-care reform in Congress... America spends 15 per cent of its gross domestic product on health-care costs making it the most expensive system in the world. Its health outcomes are no better than those in many other OECD countries... Exactly what the groups have signed up for is still under wraps.
So "major lobby groups" have agreed to decrease their future increases in health care costs... and this represents $2 trillion dollars of savings? Who knew it was so easy to save money? Maybe the Obama regime can help me save a thousand dollars on my next car by getting GM (Government Motors) to reduce their future price increases by that much. Think of all the possibilities!

Additionally, the claims about US GDP spending and comparisons to the OECD are bogus. Even the BBC only puts US spending at 13%, not all that much more than other western countries, and in return for it, Americans get much better medical results, such as recent comparisons showing that you have a lot better chance of surviving cancer in USA than you do in England. When I think about nightmare scenarios involving a serious illness in myself, my wife, or child, I remind myself how lucky I am to be in a place where at least I can be sure we'll get the best of care.