Political Quotes

“reserving the right to object, the argument is made that this is not a gift; this is not subsidized insurance. Well, if it weren't subsidized insurance and if it were a market price for insurance, it wouldn't lose $16 billion a year. By definition, if you lose $16 billion a year, you are not charging enough in premiums, so you have subsidized premiums. This is a subsidized government insurance program that, even with the subsidized premiums, is woefully inadequate. It is accumulating tens of billions of dollars of debt. It is currently $20 billion in the hole. We have a problem here. I haven't really heard how we are going to fix this, and one obvious, easy way would be that people who can afford to should maybe pay the full price for their insurance and maybe not a subsidized price. So I object. The PRESIDING OFFICER. The objection is heard.”