Peter Welch actually said...

There still has to be a benefit-to-cost ratio that exists before you can charge for it.

Welch stresses the importance of a benefit-to-cost ratio in cost allocation.

10/12/2011

More Peter Welch Quotes

Except with Medicare. It is illegal. It is illegal.

So, why don't we change the law and make it legal to do that?

you bought a product--your company bought a product. It didn't create a product.

It is $15,000 a year, and the average Medicare beneficiary probably gets a Social Security of about $22,000 or $23,000.