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[0:00] ..." We're talking with New Hampshire senator Judd Gregg about health care reform. The Senate version of health care reform came out this week and -- Harry Reid the other leaders say the cost is 848. Billion dollars. Do you think"...
[1:11] ..." who are on Medicare Advantage basically lose Medicare managed. People who have private insurance policy their private premium cost a -- because there's a huge amount of cost shifting. They should put a lot of people under Medicaid and Medicaid only reimburses -- 60% of the cost of the treatments. The other 40% is actually picked up by private insurers so. You'll see a significant increase as expected most people's premiums especially younger people and people young families. And then there's taxes and fees all over the place you view your tax if you. Don't get -- church attacks if you do get insurance you're taxed if you get a medical device she attacked if you. Going for us into a hospital there's a variety of they're called peace. Fees which are taxes and"...
[2:08] ..." Yes I expected to go. To -- for debate to start. And nicest hopefuls spent a fair amount time it distilled to 2000 page bill costs about a billion dollars a page. And as a"...
[0:00]" We're talking with New Hampshire senator Judd Gregg about health care reform. The Senate version of health care reform came out this week and -- Harry Reid the other leaders say the cost is 848. Billion dollars. Do you think that's an accurate."
[0:15]" Costs while they're off by about one point eight trillion dollars. What they've done is claim costs in the first ten years when they don't actually start the expenditures until the fourth year. If you look at the long program and its fully phased in other words over ten year period when when their proposals. They're new entitlement programs in their new expenditures are fully phased in its 2.5. Trillion dollar program. And so they're playing a little bait and switch on the American people here. Unfortunately it's totally cynical but it's that's -- that's what the real cost is 2.5 trillion dollars when fully phased in."
[0:52]" And course the big question is who pays."
[0:55]" You do and every American -- You'll pay in a variety of different ways first. Americans who are on Medicare rules keep Medicare reductions of about one point one trillion dollars over this. Period. Over tenure period was fully phased in people who are on Medicare Advantage basically lose Medicare managed. People who have private insurance policy their private premium cost a -- because there's a huge amount of cost shifting. They should put a lot of people under Medicaid and Medicaid only reimburses -- 60% of the cost of the treatments. The other 40% is actually picked up by private insurers so. You'll see a significant increase as expected most people's premiums especially younger people and people young families. And then there's taxes and fees all over the place you view your tax if you. Don't get -- church attacks if you do get insurance you're taxed if you get a medical device she attacked if you. Going for us into a hospital there's a variety of they're called peace. Fees which are taxes and then there's outright tax on Medicare hospital insurance."
[2:00]" Do you expect. After having settled out that this will however then get over the objections. And did get to the floor for debate this weekend."
[2:08]" Yes I expected to go. To -- for debate to start. And nicest hopefuls spent a fair amount time it distilled to 2000 page bill costs about a billion dollars a page. And as a very practical matters we should cost one billion dollars a page we we should spend some time looking katic as the devil's in the detail. I mean there's a lot of problems right up front but the devil really is in the detail on the bill this."
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