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A new White House study shows that the economic advantages of reforming healthcare could be beneficial for the majority of Americans. According to Dr. Christina Romer, the chair of the Council for Economic Advisors, expanding coverage for all Americans would not only help with controlling healthcare costs but it would have an enormous effect on lowering the deficit.

“Doing healthcare reform well, is incredibly important for the economy...this is a realistic goal, albeit a challenging one,” said Romer.

By having reform more Americans will be able to see their physician on a regular basis, Romer said. This would improve life expectancy and keep people working which will presumably have a strong impact on the economy.

The fifty-one page report focuses on slowing the growth rate of costs, primarily due to changing provider incentives, health information technology and providing the incentives for consumers so that they can make better choices. There were no short term effects of healthcare reform discussed.

The report can be found at the White House website.