Matt Cartwright: “Medicare runs on 3% administrative expenses.”

“The answer is to continue to let the Patient Protection and Affordable Care act work in ways to make it work better and cheaper for more people. Like, I also support expanding Medicare runs on 3% administrative expenses. It's enormously efficient. But that's what we ought to look at, is taking advantage of our wonderful Medicare system we have in this country. Thank you, Mr. Cartwright.” (19:02–19:07)

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.