The editorial writers at The Washington Post and The Los Angeles Times offer the president mixed grades on his speech. Yes. He made the case for reform. No, he did not explain how it can be paid for. And yes, I concur with those who find Obama's claim that this is not going to add one cent to the deficit laughable.
I think the Obama administration will need to find more cuts or raise more revenue. Tort reform no doubt will help, though how much is as of yet unknown. Treating health care as income for tax purposes may help (sorry Ed). Raising the taxes on those making 7-to-8 digit salaries will help. And providing the public option would help (insofar as it would challenge the private insurance plans to lower their costs). Eliminating the waste and fraud in Medicare will prove difficult.