Senate Proceeding on Oct 22nd, 2009 :: 8:48:00 to 8:48:45
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8:47:44 to 8:48:06( Edit History Discussion )

Sherrod Brown: consultant expense so. so you put the two together and it is a huge, huge cost and a great opportunity for a public option to cut through all of that. to knock off the administrative expense on their sierkd the cost on the doctor's cost down. mr. brown: term "medical loss vaish show," they want to keep the

8:48:00 to 8:48:45( Edit History Discussion )
Speech By: Sherrod Brown

8:48:07 to 8:48:29( Edit History Discussion )

Sherrod Brown: loss vaish she is low as possible. it is often 75%. that means that 25% that cents on the dollar goes to actual health care -- hospitals, physical therapists. the other company overhead. so they call spend on health care a loss. that's the way they think. that's the insurance company model. so if the medical loss ratio

8:48:30 to 8:48:47( Edit History Discussion )

Sherrod Brown: goes up to 85% -- therd in other words, they spent 85 cents on medical care -- they wouldn't like that. they want the medical loss ratio to stay low because the rest of it is insurance profits. i think they're phasing that term out because they know