Famous 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?"

About this Quote

In this quote, Anthony Weiner, a former U.S. Congressman, addresses the disparity in overhead costs between the Medicare system and personal insurer, using the data as a review of the American healthcare system. Weiner begins by highlighting the efficiency of Medicare by citing its low overhead expense of 1.05%. The term "overhead" here describes administrative costs, that include expenses required for processing claims, client service, and other functional activities.

Weiner stresses the stark contrast between Medicare's overhead which of private insurance companies, which he states are as high as 30%. This includes not only administrative costs however likewise earnings for shareholders. By highlighting these figures, Weiner recommends that personal insurance companies are less effective, as a larger portion of their revenue goes towards overhead and profit instead of direct health care services. This critique implicitly questions the value for money that receivers are receiving from private insurance in contrast to Medicare.

The rhetorical question "Wouldn't you?" serves to challenge listeners or readers to consider their position on healthcare reform. It recommends that focusing on a system with lower overhead, which theoretically could allocate more resources directly to client care, may be more favorable. Weiner is promoting for a shift or reallocation of resources from personal insurance provider to systems like Medicare that purportedly have lower overhead costs. Through this argument, he is contributing to the broader debate about the benefits of personal versus public contributions to the health care system. Ultimately, Weiner is pressing for political and systemic change under the property that such a shift would enhance the general performance and efficiency of delivering health care to the populace.

More details

TagsHealthInsurance

About the Author

USA Flag This quote is from Anthony Weiner somewhere between September 4, 1964 and today. He/she was a famous Politician from USA. The author also have 28 other quotes.
See more from Anthony Weiner

Similar Quotes

Shortlist

No items yet. Click "Add" on a Quote.