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Ted Cruz: “Democrats want to give nearly $50 billion of taxpayer money…”

Featuring: Ted Cruz, Republican | U.S. Senate, Texas

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WATCH: Sen. Ted Cruz discusses lowering healthcare premiums

Published | Video Starts at 00:48

The health insurance companies have gotten rich. Every major health insurance company, their stock has skyrocketed anywhere from 400% to over 1000% increase in the stock price. And what the Democrats want to give nearly $50 billion of taxpayer money directly to the health insurance companies. They want to engage in corporate welfare and basically pay off. And by the way, the health insurance companies overwhelmingly give political donations to the Democrats. (00:48–00:59)

CLAIM

Asserts that the Democratic Party intends to allocate $50 billion of taxpayer funds to health insurance companies.

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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