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Kirsten Gillibrand: “The for profit insurance industry... has to make their…”

Featuring: Kirsten Gillibrand, Democratic | U.S. Senate New York

FACE THE NATION Interview with Senator Kirsten Gillibrand on 2020 Presidential Campaign and Key Issues

Published January 20, 2019 | Video Starts at 07:20

So the reason why I believe in Medicare for all is I think any family should have access to at least one not for profit public option so they can compete with The for profit insurance industry... has to make their quarterly profits and pay their shareholders value and make sure their CEOs make millions of dollars. that is not aligned with the goal of universal coverage that's good and affordable. How do you pay for it? If you. So let me explain. (07:20–07:29)

CLAIM

Asserts that the for-profit insurance industry prioritizes profits and executive compensation.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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“The insurance industry doesn't care [about making health care affordable].”
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“The biggest worry almost every family in America has is the cost of health care.”
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“I believe in Medicare for all [because] any family should have access to at least one not for profit public option.”
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“If you buy into Medicare... it is far less expensive for every American than the amount of money they are paying now to the insurance…”
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“Let them just invest 4% of income... to get access in the same way they invest 6% of their income into Social Security.”
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“No insurance company can deny them because of pre existing conditions.”
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