What if you took away all of the profits of all of the health insurance companies? What would happen?
I know the general conclusion is that nothing useful came out of the Health Care Summit in Washington””the one where all the Republicans finally got a chance to sit down with the President and give him some ideas even though he’d refused to have that kind of meeting for the last year.
Well, I thought the most important point came from Senator Lamar Alexander (R. Tenn.). It came in one simple comment.
Senator Alexander said to the President, “Mr. President, for those people who think that health insurance companies are the problem, or profits are the problem, if you took all of the profits from all of the health insurance companies in all of America, they’d add up to enough money to buy two days of health insurance coverage for America.”
So, if you think the profits are the problem, I don’t. I think profits motivate people. I think profits produce great products and great services and great prices.
If you think they are the problem, what are you going to do with the other 363 days of the year?