The White House, video (04:49):
The President has long noted that skyrocketing health care costs will be disastrous in terms of our long term national debt unless we pass real reform. In this Weekly Address, the President also explains how he will cover the upfront costs of reform by eliminating overpayments from Medicaid and Medicare and driving down costs contributing to government’s health care expenditures across the board.
Howie P.S.: The Wall Street Journal reports "Obama Outlines $313 Billion in New Health Cost Cuts," as Obama announced in this video.