Henry Waxman: “The way to hold down cost is to try to reform the way health care is delivered. Medicare tries to do that. If we don't…”

“The way to hold down cost is to try to reform the way health care is delivered. Medicare tries to do that. If we don't do it that way, the Republicans would say that private insurance will be able to control it because that's all people are going to be able to get. No more Medicare. They will have to buy private insurance and let the insurance company tell the doctor and the patient what they will be able to do with their trying to hold down cost, without regard to the Medicare patient. I thank the gentleman for yielding to me. Mr. Chairman, I yield back the balance of my time.”