On the recordJanuary 4, 1996
Reclaiming my time, let me make correct the terminology to the degree that we are not taking money out of that. What that $270 billion figure represents is the projected growth at the 11-percent inflation rate range, and for us to have private sector inflation rate in the 4-percent range and public Federal health care and Medicare at 11-percent range is totally inefficient. What we want to do, as a way to reduce that growth rate, is to increase the competition and replace that 1964 model with a 1995 model which will save and protect and preserve Medicare.
Source
govinfo.gov
