Quote by Anthony 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?
Summary
In this quote, the speaker compares the overhead costs of the Medicare system to those of private insurance. They highlight that the Medicare system has an overhead of 1.05%, while private insurance companies have overhead and profits totaling 30%. The speaker argues that the focus should be on improving healthcare by reducing private insurance profits and overhead costs. They suggest that redirecting resources from these areas would be a favorable choice. The quote implies a preference for a healthcare system that prioritizes efficiency and affordability over private insurance profitability.
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