Political Quotes

“I hail from the great city of East Hartford, in Hartford, home of the insurance industry, and I am very proud of that. But as the gentleman from Texas indicated earlier, under oath, people in the insurance industry understand that this is a sham; that this is something which simply cannot be underwritten; that actuarially it is impossible to ensure this kind of risk. And they do so candidly. In talking to one CEO, he said this would be like trying to underwrite getting a haircut. So to perpetrate this kind of a sham and a myth on the elderly is outrageous. And the only thing more outrageous is the high prices that they are paying. And the only thing more outrageous than that would be if we do not have an opportunity to present a Democratic alternative here on the floor. But even the insurance industry CEOs understand this is a sham; that it cannot work; that it cannot possibly be priced where anyone who need this benefit could afford to purchase the insurance that would cover it.”