- Fed Unlikely to Raise Rates, but May Boost Confidence
- Wednesday Look Ahead: Fed Dilemma
- Mortgage Applications Drop as Refi Demand Falls
- Bank of New York Buys Lloyds Asset Management Unit
- UK Regulator Bans Guaranteed Banker Bonuses
- BoE Sees Inflation Well Below Target in 2 Years
- Madoff's CFO Admits to Helping Carry Out Fraud
- JPMorgan Looking to Sell 23 Office Properties: Report
- Stanford Hits Opposition in Quest for New Attorney
- Traders Reposition Risk on United Rentals
- GDP to Grow 3% by End of 2010: Strategist
- AMAT Delivers; Now Can We Relax?
- Dykstra Gets Extra Innings
- Roginsky: Keep Yelling, Rush Limbaugh
- How Much Is LeBron Worth To Nike?
- Dendreon: From Data To A Deal?
- Stock Picker: US and Europe Drive Techs in 2010
- Cisco Reports for Duty in 'GI Joe'
|
CNBC'S MOST SHARED
- Consumer Confidence Stronger in August: Survey
- Second Stimulus Needed to Avoid Lost Decade: Krugman
- Freddie Mac Posts First Profit in 2 Years; Shares Jump
- Housing Shows Stablization, Led By Strong Demand
- Why Ayn Rand Is Still Relevant
- Stocks Rally for a Fourth Straight Week
- Jobless Claims Fall More Than Expected
- Morgan Stanley Pays $950 Million for TARP Warrants
- Ex-AIG CEO Greenberg Settles Fraud Charges With SEC
- The National Debt Never Sleeps—and Neither Should You
Text Size 
 |
Photo by: Chuck Kennedy President Barack Obama |
President Barack Obama said on Monday that spiraling healthcare costs were battering American families and it is time for the Congress to take action to reform the $2 trillion U.S. healthcare system.
"Even as America's families have been battered by spiraling healthcare costs, health insurance companies and their executives have reaped windfall profits from a broken system," Obama said after a healthcare roundtable at Children's National Medical Center.
"We've talked this problem to death year after year but unless we act and act now, none of this will change," he said.
Obama said the need for change is urgent and indisputable. He says those who oppose him want to preserve the status quo. He says changing the system is more important than politics or his personal reputation.
—AP contributed to this report
Data is a real-time snapshot *Data is delayed at least 15 minutes