March 29, 2010 / 10:59 PM / 9 years ago

Obama: healthcare will need adjustments to cut costs

President Barack Obama signs the health insurance reform bill during a ceremony in the East Room of the White House in Washington, March 23, 2010. REUTERS/Jason Reed

WASHINGTON (Reuters) - President Barack Obama said on Monday that a U.S. healthcare overhaul is a “critical first step” but that adjustments will be needed in the new law to further reduce costs.

Critics of the ten-year, $940 billion overhaul have complained the revamp does not go far enough in reducing healthcare costs.

Obama, in an NBC News interview to air on Tuesday on the “Today” show, said adjustments will be needed to the law.

“I think it is a critical first step in making a healthcare system that works for all Americans. It is not going to be the only thing. We are still going to have adjustments that have to be made to further reduce costs,” he said.

Obama is to sign a package of final changes to the new law on Tuesday in Alexandria, Virginia.

Reporting by Steve Holland; editing by Todd Eastham

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