On the recordMarch 4, 2010
As a matter of fact, as you may recall, I responded to Senator Coburn, who is also a medical doctor, when we mentioned about fraud, waste and abuse. As you know, there is substantial investment in both the House bill and the Senate bill to eliminating fraud, waste and abuse. Senator Coburn observed he thought there was a lot of money that could be saved there. We think that is the case as well, so we have provided to go after that. We also, I think, agree that reform ought to be based on a private, market-based system. As the gentleman knows, the exchanges that are set up both in the House bill and the Senate bill, they differ; but they are both based on private sector competition by private insurance companies.
