Bill Clinton: “Thank you. Let me say, this is a subject, probably a whole subject for another town meeting. But let me say that one of…”

“Thank you. Let me say, this is a subject, probably a whole subject for another town meeting. But let me say that one of my biggest problems with a lot of you in dealing with health care is this: If you ask the American people a question about health care, are we spending too much or too little, a lot of people will say we're spending too little. Why? Because they feel insecure about losing their health insurance. Or because, like your mother, they're spending too much out of pocket. So if you ask the American people, are we spending too much or too little, a lot of people say too little. That's wrong. We're spending too much and on the wrong things. That young doctor that stood up here, I'll bet you anything more than 30 percent of his gross income goes to paperwork. Right? We are the only country in the world where you have 1,500 separate health insurance companies writing thousands of policies with every doctor's office and every hospital in America having to keep up with them. Just for example, the average country we complete with, of every dollar people spend on health care, 95 cents on the dollar goes to health care, a nickel to run the administrative programs. In America, it's more like 86 cents. You figure out what 9 cents on the dollar is-- or 11 cents on the dollar--for an $840 billion health bill, or if you take the Government out of it, about $600 billion. You just figure it out. It's lots of money. Tuition Tax Credits”