Bernanke: Improving Health Care Is Critical Challenge

By: Associated Press Email
By: Associated Press Email

Capitol Hill (AP) Federal Reserve Chairman Ben Bernanke calls strengthening the performance of the U.S. health care system “one of the most important challenges our nation faces.”

In remarks to a summit on health care reform, Bernanke says the challenges fall into three major areas: improving access to health care for the 47 million Americans who lack health insurance, improving the quality of care and controlling costs.

The Fed chief noted that while new medical technologies and treatments are helping people live longer, the aging of millions of baby boomers coupled with rapidly rising health care costs are straining both personal and government budgets.

Bernanke made no mention of the fed's next move on interest rates or the state of the U.S. economy

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