Comment

President Obama Speaks on Health Care, the Post-Game

631
Mad Prophet Ludwig9/09/2009 6:55:24 pm PDT

re: #589 Wendya

Here’s the actual quote:

But by avoiding some of the overhead that gets eaten up at private companies by profits, excessive administrative costs and executive salaries, it could provide a good deal for consumers.

This is what happens when you elect someone who is economically illiterate.

Or when you look at the system as a whole and see that the profits taken by insurance companies are part of the overhead to getting your care. It is not economically illiterate, rather looking at the big picture.