Lawmaker on Health-Care Reform Costs

" The house Ways and Means Committee congressman Charles Rangel of New York says he will not support Obama look at if the cost reaches the kind of numbers that steeper and he was talking about that. Our next guest says the cost will not come close to that four trillion dollar level she's called -- yeah. -- Pennsylvania a member of the house Ways and Means Committee congresswoman. It's a pleasure to have you -- and let me just turn this around for a second power. I've looked at all of these possibilities. And I've not seen a single study which says. Health care reform will cost less than a trillion dollars. Have you seen any studies predicting a less than trillion dollar cost over ten years."

" Well let let's understand that we are right now and that is the question that you. What do we what do you do and why are we doing this I mean that they didn't just start with -- and and -- let me be very clear we are committed to paying for. Of his health care reform and we believe that if we don't do something -- cost much higher. Confident for businesses up for families and for the government -- we don't take action now definitely nothing but you know cat that -- will be paid when he."

" Talking trillion announced they had an apparent tension in the movement into the woods used both. Have you seen any study that says it will cost less than a trillion in ten years -- when you start talking about numbers like this you know congresswoman. It -- a bombshell into the debate. Anything less than a --"

" Well you'll -- we have not yet -- in the house the complete cost that cost that we actually are really concerned about making sure that this is. Affordable than it's something that we will be able to finance -- lead by half of it from savings for the government already. And really believe the athlete clear we have providing. Free healthcare to have very many Americans you're talking about americans' pain. Health care health premiums into the private insurance industry -- and into the public option so we're looking for is more affordable. Health insurance it's meaningful for Americans and that contains the rate of growth and cause. So all of that is clearly we're trying to get to coming up the dollar some work to your absolutely right we have to make sure that it's really -- my American people can afford."

" I tell us why would you stay right after a second I've got to get some breaking news inside under the come back. Our breaking news now from the that's happening had a secret 100 million dollar bank account in switched our big that staff had allegedly had a 100 million dollar secret accounts in Switzerland. That was used to fund bribes to Antigua and officials. We'll have more on the latest from Adam Shapiro himself in just a few minutes now want to go back to representative Allyson Schwartz about about this so. This medical reform plan. Okay you say that's half of it's going to be paid for by savings within government within the medical business okay. The other half let's opposing this 500 billion dollars which taxes are you going to raise to pay about 500 billion and that's the minimum. We're talking about which taxes go --"

" Well that's what we have not make decisions about that will bring another back out here and that is that we've been working with. All the indices involved in health care and the pharmaceutical industry is already stepped up and said. There are cost savings of eighty billion dollars that we can find in the way we do business that we can help contributed -- effort by -- said that they step back congress mom's -- they step back considerably or maybe not eighty billion dollars a year may -- you know well. The way. Right right when they said two trillion over ten of them they said initially but now work with each of those stakeholders to make sure that they can. Really create savings the American people wouldn't know that we're simply -- wait too much for health insurance can you give me going."

" Can you can you give me any example. Any way in history. Well you've really been able to cut significantly tens hundreds of billions of dollars. Out of the cost of healthcare can he give me any example where that has actually happen."

" Let me tell you one example of what we are going to do we are looking at overpayments. Two insurance companies well would that serious money together you know I'd take you Pat Tillman spent and I'm sorry -- what we are good ideas have been so depressed lately but you cannot give me an. And is -- apparent serious cost savings you can't do it. You can't -- can't. Well you know that what the president done and -- look into the -- debate about. The defense appropriations for the we can actually cut back and it went -- I mean that's the debate perhaps 400 million -- predetermined that's fully admit I don't know about that didn't start to add up and that's what you and you going to -- so you cannot show me. Send an example of when you -- serious money -- health -- guess what I. What I want to. Excuse me while we certainly didn't you look specifically -- that yet. But we're going to show you how we're going to actually pay for health care. And we actually going to have taken some savings for example are cutting Medicare Advantage overpayments from insurance industry Medicare. That we have forty on the table that's in the bill take a look at it and see about. 400 billion dollars in savings. Already an arts and craft legislation and the president suggesting. Another 200 billion that's real money in terms of taxpayer entries for a budget into the making his commitment to bringing down health care costs for American rep."

" Allyson -- we thank you very much for being with us today good contribution -- again we appreciate it thank you."