Uwe Reinhardt Quotes
Remember that every dollar saved by health care reform is a dollar less for somebody’s earnings.
Uwe Reinhardt, Political Economist, Quoted on National Public Radio, May 30, 2007
Sourced by: Eigen's Political and Historical Quotations
At the time in America, the insurance companies only paid out less than 80 percent of all the money they took in for health insurance. More than 20 percent went into their high overhead and profits. In contrast, to the 20 percent or more that it costs with insurance companies to administer health insurance payments, the agency that performs the same function for Medicare doe so with only a 6 percent cost Sanders argued that by getting rid of the insurance companies, the nation could save about 14 percent of the entire insured medical bills for the nation—many billions of dollars which would reduce average health insurance premiums by 14 percent. Opponents argue that the would be a socialist system and give too much potential control of individual health matters to a government operated or government controlled organizations. Politicians, in order to look good with the voters, would lower premiums and also pay out less either shortchanging doctors and hospitals or rating medial care somehow.
Uwe Ernst Reinhardt was a professor of political economy at Princeton University and held several positions in the healthcare industry. Reinhardt was a prominent scholar in health care economics and a frequent speaker and author on subjects ranging from the war in Iraq to the future of Medicare.
