I think they have failed to provide economic coverage to the American people. I think they have failed to hold down costs. I think that the health insurance industry is largely to blame for a system that wastes a ton of money; yet it's the government that puts them in that position, because it's the government that says that you and I can't buy first-dollar coverage just for ourselves without paying for it with after-tax dollars. In this bill, I think we ought to be making the American health insurance companies compete with each other, and they don't right now. They compete to get your employer to buy their products. They don't compete to get you to buy their products. I've got to tell you, in my life, I've worked for a number of different employers. I've never had an employer say to me, Look. I'll buy your suits for you because I know better what kind of suits you need than you do; or, I'll buy your car for you because I know better what kind of car you need than you do; or, I'll buy your home for you because I know better what kind of home you should live in than you do. I've never had any of them say, I'll buy your auto insurance for you because I know better than you do. With all of those other products, we allow individuals to pick the products.
Editor's note · Context
Speaker Shadegg criticizes the health insurance industry and advocates for competition among insurance companies.
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