Obama: Congress must "act now" on health reform

WASHINGTON, July 20 (Reuters) - 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.