Senate Proceeding on Oct 28th, 2009 :: 9:55:40 to 9:57:30
Total video length: 10 hours 36 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:6 Duration: 0:01:50 Discussion

Previous speech:

Next speech:

9:55:35 to 9:55:57( Edit History Discussion )

Tom Udall: a senator: senator whitehouse -- mr. udall: the example for the savings is right there. we just talked about medicaid. medicaid has a 3% administrative cost, so we're talki about a program when i go in my town hall meetings and visit with people, people say they like medicaid, they like what they have.

9:55:40 to 9:57:30( Edit History Discussion )
Speech By: Tom Udall

9:55:58 to 9:56:19( Edit History Discussion )

Tom Udall: here's a program running with 3% administrative costs. when we talk about the insurance companies, because of what you just mentioned, how they fight the claims and you have to get all these people in -- in the doctor's office, trying to prove claims and then back and forth, back and forth. doctors offices many times told me 50% of the people in the

9:56:20 to 9:56:40( Edit History Discussion )

Tom Udall: office are there doing this administrative work b what the insurance companies have created. so when you ask the big question to insurance companies, how much is your administrative cost on the health insurance industry? 30%. so i think there's enormous room for improvement when we're talking about the hundreds of

9:56:41 to 9:57:01( Edit History Discussion )

Tom Udall: billions of dollars that are out there. from 3% in medicareo 30% or more in the health insurance industry. and so there's no doubt -- there's no doubt that the savings cane squeezed out of this system. and that's what the public option does. i mean, that's what we've been

9:57:02 to 9:57:22( Edit History Discussion )

Tom Udall: here tonight talking about night after night. i'm so thankful that you, senator whitehous "help" committee and -- and your service in the health committee volunteered to write the public option for that health bill. i mean that -- that contributed so much to this debate. it gave us

9:57:23 to 9:57:30( Edit History Discussion )

Tom Udall: parameters for wha debating right now. and our leader, senator reid, has now stepped forward and said he wants a public option with