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Obama to Seek $634 Billion for Health Care, Official Says

By Hans Nichols | Bloomberg.com | Feb. 25, 2009

Feb. 25 (Bloomberg) -- President Barack Obama will ask Congress to set aside $634 billion over 10 years to help pay for an overhaul of the nation’s health-care system, an administration official said.

About half the money will come from a combination of cost cuts in the Medicare and Medicaid programs and unspecified tax provisions, the official said.

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