A Quote by Anthony Weiner
Do you know what the overhead is of the Medicare system? One-point-zero-five percent. Do you know what - private insurance is 30 percent in overhead and profits? Given a choice how I'm going to improve health care, I'm going to take it away from private insurance profits and overhead. Wouldn't you?
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Everyone wants charities to spend as little as possible on overhead. That's backwards. Overhead is what drives growth. If charities can't grow, they can't solve problems. So overhead is a good thing. And I'm overhead.
The best thing that is happening with the health care is premiums will come down. We'll have tremendous competition; you know, we're getting rid of the border state lines, and we're going to have tremendous competition. We're going to have insurance companies fighting, like life insurance. You know, we - life insurance, you have these companies that are like - like going all over the place. We're going to have a tremendous - tremendously competitive market and health care costs are going to be forced down.
The number of those 19 to 25 with private insurance increased from 51 to 55.8 percent, and the percentage of uninsured fell from 33.9 percent in 2010 to 28.8 percent during the first half of 2011.
This program could destroy private initiative for our aged to protect themselves with insurance against the cost of illness....Presently, over 60 percent of our older citizens purchase hospital and medical insurance without Government assistance. This private effort would cease if Government benefits were given to all our older citizens.
Private insurance companies in America are reaping huge profits.
I gravitated toward stand-up because there's no overhead. I mean, literally, there's no overhead: Often, you're outdoors performing in front of groups of people.
I would not outlaw or eliminate private health insurance. But if we do a good enough job, with a robust public option, there really should not be as much of a need for private insurance in the market.
For people who have health insurance, we can provide health insurance reforms that make the insurance they have more secure. And we can do that mostly by using money that every expert agrees is being wasted and is currently in the existing health care system.
In the '50s and in the '60s, the private insurance system originally was a benefit for the bureaucrats in Germany. And this system became ever bigger because the private insurance industry lobbied successfully for making this system bigger. In the '70s and in the '80s, they managed to find a system where they could take everyone beyond 40,000 euros income per year but didn't have to take everyone. So they only took those that had both high income and a secure job and who was not ill at that time.
It has become clear that the function of a private health insurance is to make as much money as possible. Every dollar not paid out in claims is another dollar made in profits for the company.
In some cases, corporations engaged in this activity have as much as 16 percent of their profits generated through the holding of 'janitor's insurance.'
Given all the money printing that is going on globally - and not just in the US - and given that the total credit as a percent of the advanced economies is now 30% higher than in 2007 before the crisis hit, I think that gold is a good insurance.
In Pennsylvania, 38 percent of Pennsylvania seniors chose to get their Medicare from a plan called Medicare Advantage. It's their choice. Forty-seven percent of them are going to lose it under 'Obamacare' according to Medicare by 2017.
Well, I'm telling them two things. One is that, look, this is going to be something when the American people realize - once it's passed - that, A, it does take care of preexisting conditions; B, you're insurance rates aren't going to skyrocket; C, the insurance companies aren't going to be running the show like they were before; D, you're going to be in a position where you can keep your insurance that you have. That once the American public realizes that, you're going to get a reward for this. They're going to be rewarded.
I leave Medicare alone. I create a new system for everyone under 65 where they get health care as a right. It's a basic plan. We roll Medicaid into that, but then we allow people to have choices and get private insurance to supplement that basic government plan.
I am every single day talking with and working with people in my district who are seeing their health care insurance costs go up five times, 105 percent, 300 percent, that are getting pay cuts, that are losing 40-hour workweeks, that are having to work two and three jobs.
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