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Trial Balloon?

Title:

Trial Balloon?

Published: Wed, 19 Aug 2009

Description: Rep. Sestak on health care coverage!

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Automatically Generated Transcript (may not be 100% accurate)

" What secretary sibelius. Floating a trial balloon on behalf of the administration. When she suggested over the weekend. That the live that the federal option and making Medicare available to people below 65. Is not an essential core out of this proposal."

" I disagree strongly disagree and I really be called upon particularly the majority leader. Senator Reid."

" To start helping us lead in the Senate on this issue. There's too many misconceptions about the public health care options I believe we must have health care coverage. For every one -- protected for Americans. Who must have health care reform."

" Because that's good for economy and pocketbooks."

" And here in Pennsylvania 70% to meet but instead he -- about 65%. Global private health care plan children to companies to corporation. The public health care plan is merely to get fairer competition. There's no money. Subsidizing from the US government it is only subsidized by the printing companies that those who actually -- shall."

" And it begins to move was to wait for almost cartels. Because nine -- 4%."

" According to the Department of Justice."

" 94%. Of all insurance markets across America are -- what they call highly concentrated. Market that is."

" Close to monopoly and that's why. If we just let things continue as they are. Art in Pennsylvania. We in the last eight years and 90% decrease in -- and this is to get costs down and that's why it strongly disagree with her."

" He's so congressman -- cure research shows that there is a government plan. It is not going to hurt. The private insurance."

" What did you vote no it does not sure that it's not gonna hurt or help. -- don't show that it is going to bring down premiums. Because here's why it's not subsidized by the government. What you have. Is scary little overhead. Because if you do not pay as once CEO gets over twenty million dollars for that CEO."

" And he got seventy million dollar severance pay for what it does do -- bring a much lower administrative overhead."

" Yeah and Hillary can committee -- you know you can't compete with the government the government wants to win. It will it will on level the playing field it will it will make it impossible to compete for example. FedEx cannot charge 44 cents. Two to deliver a piece of paper overnight if it did it would be prosecuted for unlawful competition against the post office. So it has to charge ten bucks instead of 44 cents. And if if if the president of IBM decides. Walt yeah why should we be paying premiums to our health insurance carrier for our 50000 employees. They're paying taxes for the federal option will just stop paying the premiums. Let them get this federal program what happens to the insurance carrier that was receiving those premiums on those 50000 employees it goes out of business because it's income has gone."

" Again I want to stress no tax money is going to the public health care options."

" let me back away --"

" There is one they get it startup loans. That -- amber to rise and paid back over ten years."

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