Bill Clinton: “That's correct for a couple of reasons. One is--and I don't think it applies, though. We've got to be careful; I don't…”

“That's correct for a couple of reasons. One is--and I don't think it applies, though. We've got to be careful; I don't want to overclaim. I don't think it applies to Sheryl. If you're incorporated, it wouldn't apply. But, for example, we've got a lot of small business--and we're going to Regina in a minute; I think she'd be covered like this--we have a lot of small businesses where the small business, let's say, has four or five employees, and there's a family policy for the owner of the small business. And then they may or may not cover the individuals who work for them. The family policy alone is often so expensive and if it's under a self-employed provision, only 25 percent of it is deductible under the income tax code, that when you look at the 100 percent deductibility we would provide, plus the ability to buy more insurance at a lower cost, there are an awful lot of small businesses in this country who could insure their families and their employees and their families for less money than they're paying just for their family policy today. And a lot of farmers--there are a huge number of farmers that are in that situation just because their family policies are so high and because they don't have any access to these buying pools. [Administrator Bowles stressed large buying pools and simplification of the insurance system as ways to lower the cost of health care for small businesses.]”