AP

President Barack Obama says he recognizes the heavy price tag of revamping the health care system but that it would be much more costly to do nothing.

Obama went to a community college in suburban Virginia Wednesday to again press his case for legislation overhauling the system, saying it's "not too soon" to act on the problem.

Health experts have long criticized formulas that tie Medicare payments to tests and other services that may not always be the best way to treat a patient. Obama said the formulas must change as part of his bid to overhaul U.S. health care delivery.

Obama did not make specific recommendations for changing the incentive formulas. Nor did he offer new proposals or details for other tough issues, such as whether to limit medical malpractice awards or to tax employer-subsidized health care benefits.
He repeatedly said the current health care system is not acceptable and must be overhauled this year.

Click here to watch Obama’s opening remarks.

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