A Quote by Terry Branstad
I'm going to announce in the very near future, I'm going to lead by example and start paying 20 percent of my health insurance.
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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?
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.
Health insurance, which is exceedingly difficult to secure as an individual in New York. Obamacare, while certainly better than nothing, is pretty awful, and if you have a complicated health history, as I do, you need premium insurance, which means private insurance. The challenge, though, is finding a company that will give you the privilege of paying up to $1,400 a month for it. When I didn't have a job, I spent more time thinking about insurance - not just paying for it, but securing it in the first place - than I wanted to.
I think that what we put on our skin and what we eat, you just cannot compromise. You cannot keep on putting things that are toxic and that are going to compromise your health on your skin. Your skin absorbs. It's the same as eating. Over 60 percent is absorbed directly into your blood stream. So to me paying that little bit extra is absolutely worth it. It's health insurance.
I don't think the market can keep going up. In the U.S., we see real estate not going up.. houses are selling at lower prices. You can't have anything going up 10 percent to 20 percent to 30 percent indefinitely.
Health insurance costs in the United States are on an unsustainable path. I've heard from hundreds of Montanans who are paying thousands of dollars every year for their health insurance coverage and thousands more for deductibles before their insurance provides any benefit.
If Obama raises my company's taxes by 20 percent, how am I going to be able to survive as a company? Well, if I've got 30 employees, that means I'm going to have to lay off 10 employees so I can be able to keep up with the health and benefits and pension plans for my other 20 employees.
In the very near future, I guarantee that the pictures you post on social media will affect your credit rating, health and auto insurance policies, and much more. It will all happen automatically. In a very real way, our rights and freedoms will be modulated by our metadata signatures. What's at stake, obviously, is the future of the human race!
We're going to bring a lot of money in on trade. We're going to bring a lot of money on reciprocal. You know, as an example, when you have countries with a big tax and we get nothing for the same product and we're paying - our companies are paying 100 percent tax in some countries and if they send their product to us we pay nothing. Doesn't make sense.
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.
We've been paying for 100 percent of preventive care. But if you're not getting annual physicals, then you're not going to gain a financial incentive, so effectively your insurance premium with us will go up.
In most of the USA, the three largest health insurance companies in each state control 80 percent of the market. No wonder premiums are going up.
I think people forget that when people lose Medicaid coverage, they still show up at the hospital when they have a chronic illness or a traumatic impact on their health. And those bills are paid by the hospital who then passes those costs on. They do not have a magic fairy paying the bills for people who show up without insurance. Those bills are passed on to all the people in our country that do have insurance. That's why this bill is not going to break the cycle of higher premiums - because we're going to have fewer people insured.
I'm going to come in and be a hard worker, and I'm going to try to lead by example and be a great teammate, and everything on the field is going to take care of itself.
In 1990, about 1 percent of American corporate profits were taken in tax havens like the Cayman Islands. By 2002, it was up to 17 percent, and it'll be up to 20-25 percent very quickly. It's a major problem. Fundamentally, we have a tax system designed for a national, industrial, wage economy, which is what we had in the early 1900s. We now live in a global, asset-based, services world. And we need to have a tax system that follows the economic order or it's going to interfere with economic growth, it's going to reduce people's incomes, and it's going to damage the US.
My biggest worry is that Obama says he's going to tax the upper 5 percent by raising their taxes by 20 percent. But among that 5 percent are the corporations that are hiring middle-class Americans.
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