The second way to reduce health care costs is to change the health care system so there is more competition, so that insurance companies have to compete for people's business and keep costs down that way. We'll all have a chance to vote on a bill that does that next week. And yes, the third thing that I think you have to do is to raise some revenue. The President and most of us ran on this proposition. We do believe that couples who make more than $250,000 a year and individuals who make more than $200,000 a year should be asked to pay the tax rates that they paid before the Bush tax cuts of 2001. Now we heard in 1993 that this would ruin the economy. It would cause calamity. It would be the end of the American economy as we know it. Mr. Gingrich said this. Others said this. They were wrong. After they said these things, the economy created 23 million new jobs. When we followed their way, the economy lost jobs in the succeeding 8 years. The American people want to know what we intend to do, and we've said what we intend to do. We know it can be better.
Rob Andrews: “The second way to reduce health care costs is to change the health care system so there is more competition, so that…”
Editor's note · Context
The speaker discusses strategies to reduce health care costs and the importance of tax rates for high earners.
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the best scenario of the four is the status quo, which is grim. The other three compete in terms of their grimness.
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