On the recordMarch 19, 2010
I listened to this discussion, and what I get out of this is one thing: this national health care bill doesn't play in Peoria. I mean, Peoria where the national headquarters of Caterpillar are. The world's largest heavy equipment manufacturer has written a letter that says that their shareholders, their employees, and their retirees will be disadvantaged by this, that there will be a 20 percent increase in their premium costs, and the first year would cost them $100 million. And over the course of this bill where this Congress sets up the cost estimates and the budget in a 10-year period of time, that's $1 billion.
