The plan proposed by the President, includes both the cost controls in the ACA as well as a second idea that I really like:
He then proposes to shave a further half-percentage point off the [healthcare system’s] growth rate by introducing value-based insurance — where we pay more for treatments that are proven to work than for treatments that are not proven to work — into Medicare and giving generic drugs quicker entry into the marketplace. These programs have worked at smaller scales and in more limited pilots. We don’t know if they’ll work across the entire Medicare system, but we have reason to think they will.
Emphasis mine… Ezra has more.