Young Oak Kim: “You have no choice. That is the only plan available to you, which is Government run and run by bureaucrats. You have to…”

“You have no choice. That is the only plan available to you, which is Government run and run by bureaucrats. You have to follow their regulations, which is, in my opinion, socialized medicine. Just one plan, period. All we are trying to do is give those beneficiaries options to join other plans. Why? By joining other plans, you can save more money. This Medicare plan has so much abuse, so much waste and fraud, people would not believe. Even the report so stated that there is more than 50 percent, which is easy to save if we eliminate the waste and fraud. It is unbelievable. It is out of control. That is why it has gone up 10\1/2\ percent, while private plans are under control. Their costs have actually gone down 1\1/2\ percent. It is ridiculous. As long as a third party pays, as long as the Government pays it, who cares? That is the problem we have. So we are trying to eliminate that problem by simply offering all the beneficiaries choices to join private plans. We expect that at least 1 out of 4 will eventually join a private plan.”