Healthcare deal - Obama

The US president, has unveiled what he says is an “historic” deal with healthcare providers to cut rises in medical costs by up to $2 trillion over 10 years.

Barack Obama said a coalition representing doctors, hospitals, drug manufacturers, insurers and workers had agreed to help reduce the rise in healthcare costs by 1.5 percentage points per year over a decade.

The reductions could save the average family of four $2,500 in healthcare costs, the White House said.