Obama backs healthcare bill, says will save costs

WASHINGTON, July 14 (Reuters) - President Barack Obama voiced his backing on Tuesday for a healthcare overhaul proposal offered by Democrats from the U.S. House of Representatives, saying it would control skyrocketing costs.

"This proposal controls the skyrocketing cost of health care by rooting out waste and fraud and promoting quality and accountability," Obama said in a statement.

"I look forward to continuing to work with all House members in ensuring this legislation helps all Americans and plays an essential role in reducing deficits and bringing fiscal sustainability to our nation," he said.

(Reporting by Jeff Mason and Steve Holland, Editing by Sandra Maler)