And the point I'm trying to make here because I hear it all the time, well, if you just get rid of the profits from drugs, insurance companies, you'll solve the problem. Well, we've done a pretty good job at estimating this. We think it's about $135 billion out of 3.2 trillion, 4.2% [is profit from drugs and insurance companies]. So you take away the motivation of innovating from drug companies and not have new drugs and it still wouldn't solve our health care problem. (00:57–01:03)
CLAIM
Asserts that profits from drugs and insurance companies account for 4.2% of healthcare spending.
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.
