On the recordOctober 25, 2011
If any insurance company began collecting premiums, then tried to spend $86 billion before paying out a single penny in benefits, they would rightly be prosecuted as a Ponzi scheme.
Source
congress.govIf any insurance company began collecting premiums, then tried to spend $86 billion before paying out a single penny in benefits, they would rightly be prosecuted as a Ponzi scheme.
Murphy compares the CLASS Act's funding strategy to a Ponzi scheme.
Share
More from Tim Murphy
I know when I was prescribed a lot of fentanyl and other opiates when I had an injury in Iraq, nobody ever asked me about any other questions, just, take these, take these, take these.
I want to speak on this amendment, which provides some additional funding for assisted outpatient treatment. The underlying bill has in it $15 million, and we are asking for it to be raised to $20 million. First of all, I want to say where…
We are in one of the worst medical tragedies of our time, perhaps the worst.