On the recordMarch 10, 2010
What I think I am hearing you say is, as much as you want to knock the insurance companies, the fact that people have insurance and the insurance pays claims, in a way they are the ones that are helping to balance out the cost of health care, because Medicare and Medicaid are underpaying the actual cost of what it takes. ... What someone told me is, he said, Look, look at health care in America as two parts. The front end is the medical service we provide to the people who are sick in America. They said that is the best health care anywhere in the world. If you are a millionaire sheikh from Bahrain, you want to come over here to get some of that health care. So we have the best health care service, in terms of providers. What the problem is is how we pay for it that has gotten messed up.
Source
govinfo.gov
