• This is a rush transcript from "Your World With Neil Cavuto," November 24, 2009. This copy may not be in its final form and may be updated.

    STUART VARNEY, GUEST HOST: All right, now to the other side.

    My next guest says these side deals are not an issue as far as passing the bill. He is Democrat Congressman Anthony Weiner of New York. Congressman, welcome to the program. Good to see you.

    REP. ANTHONY WEINER (D), NEW YORK: My pleasure. Thank you.

    VARNEY: You don't think this is going to kill the bill, side deals, you know, sausage making?

    WEINER: Well, it's sausage making to improve health care. In the case of Louisiana, it's getting additional poor people health care coverage. In the case of just about every case that you mentioned in the intro, the idea is to improve health care.

    You know, the founding fathers set up a system here. We are supposed to go and advocate for our states. The former senator from Pennsylvania did it when he was in office. Maybe if he did it a little better, he would still be in there.

    VARNEY: OK, look... WEINER: But I don't have a problem with that. Just the way I'm fighting for New York, someone should fight for...


    VARNEY: I know your basic position. And I know what you are fighting for. You would really like a single-payer system...

    WEINER: That's right.

    VARNEY: ... like the British...


    WEINER: That's right. We, unfortunately, are not going in that direction. I wish we would.

    VARNEY: But do you really want to do that?

    WEINER: Well...

    VARNEY: The British version of health care — I know these things.


    WEINER: I don't want to do the British version. I don't want to do the British version. I want to do the American version.

    VARNEY: Socialized health care costs an arm and leg. It's incredibly expensive. And, more to the point, Congressman, it is politicized.


    VARNEY: Politicians take decisions...


    WEINER: You don't have to take a look at — I understand your experience. You don't have to take the experience of Britain to understand this. Look at Medicare.

    For the last 44 years, here's what it has done.

    VARNEY: Bankrupt.

    WEINER: It has taken people — it has taken people who were at 33 percent poverty when the plan was passed and now have it today. It's one of the most popular programs around.

    VARNEY: It is bankrupt. It's an out-of-control expense.

    WEINER: You say it's bankrupt. There are cost problems for private insurance, public insurance. All insurance has a cost problem.


    VARNEY: Do you really think the government can control costs?


    VARNEY: Is government more efficient than private enterprise?


    WEINER: Do you know what the overhead is of the Medicare system? One-point-zero-five percent. Do you know what — private insurance is 30 percent in overhead and profits? Given a choice how I'm going to improve health care, I'm going to take it away from private insurance profits and overhead. Wouldn't you?

    VARNEY: You would eradicate private insurance?

    WEINER: Yes, I would.

    VARNEY: And give it all to government?


    WEINER: I would. Medicare. How are you, Stu?