On the recordNovember 9, 2011
That is exactly right. I agree. Studies have shown that in the system we live under today, less than one-third of the money actually goes to people who are deserving and ought to be receiving that money, and the other two-thirds goes to the system--lawyers, courts, and expert witnesses. So very little of the money paid in premiums actually gets to the injured party. There are ways to do a better job of that with significant savings in the process--making sure people are appropriately compensated if an injury occurs but at the same time getting savings out of a system which is overwrought with money going to the wrong place and which also results in so many unnecessary tests being done in efforts of doctors and nurses and hospitals to protect themselves. Mr. McCAIN. I thank the Senator. I appreciate his unique expertise in the health care issues that are still transcendent in this country. I thank him for his enormous contributions. I want to continue with some of this legislation.…
