House Proceeding 02-24-10 on Feb 24th, 2010 :: 0:56:35 to 0:58:35
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0:55:15 to 1:00:50( Edit History Discussion )
Speech By: John B. Larson

0:56:22 to 0:56:42( Edit History Discussion )

John B. Larson: practice of terminating policies when a person becomes ill or denying coverage because of some pre-existing condition. tomorrow's summit is extraordinary -- extraordinarily important because the outcome of that summit may give us insight into how we control the extraordinary increase of cost

0:56:43 to 0:57:04( Edit History Discussion )

John B. Larson: in health care, a cost that is not sustainable. either for individuals or for this economy. we're currently spending somewhere in the range of 17% of our g.d.p. on health care. compared to the rest of the industrialized nations, that's nearly 60% to 70% more than they spend of their wealth.

0:57:05 to 0:57:26( Edit History Discussion )

John B. Larson: most every other industrialized nation spends 10% or less. we're giving away an extraordinary advantage to our competitors. now, if our health care actually produced extraordinary outcomes for all the population we might say it was worth it. but the fact of the matter is that our health care system

0:57:27 to 0:57:49( Edit History Discussion )

John B. Larson: does not. our population statistics, the statistics on how well we are, how long we live, how well our children thrive, how many of them die at birth and in early childhood, all of those statistics would indicate that nation's health care system is very, very poor.

0:57:50 to 0:58:10( Edit History Discussion )

John B. Larson: in fact, we rank below colombia and other emerging nations around the world. so what are we going to do? this house passed a very important piece of legislation that goes to address many of these issues. the issue of how we contain our cost, how we improve our system, how we provide for

0:58:11 to 0:58:35( Edit History Discussion )

John B. Larson: wellness rather than just sick care. a very complex bill, but one that also provided a very, very important element, the element of a public option. now, i'm from california, and two weeks ago the largest insurance company providing policies, more than 80% of the