Political Quotes

On the recordSeptember 9, 1997
So private litigants, their attorneys are yet to be compensated. So you add those on to the $435 billion. Now, if you are talking about $10 to $14 billion in the other place, I wonder if we could just add a low figure $10 billion, so we are now getting to around $495 billion, almost $500 billion. So I want to be sure that we all are on the same wavelength. Then we are talking about the new taxes. That is another $50 billion. That is another $50 billion. That is just over a few years. That is not over the term of the contract. So you add that on and you are at about $530 billion. So if there is a possible doubling of lookback penalties, we are talking about another $42 billion. So I want to be sure everybody understands that $368.5 billion is just within a range for the States for those Medicaid payments. The Federal Government will get about 60 percent; States will get about 40 percent. There are a lot of things here I thought we ought to be sure about. The Senator's amendment, I wanted to be sure that it was in the $368 billion, and not in addition to.
Said by
Gerald Ford
Republican · Michigan

Editor's note · Context

Discussing the financial implications of Medicaid payments and related amendments.

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