[Congressional Record Volume 140, Number 107 (Friday, August 5, 1994)]
[House]
[Page H]
From the Congressional Record Online through the Government Printing Office [www.gpo.gov]


[Congressional Record: August 5, 1994]
From the Congressional Record Online via GPO Access [wais.access.gpo.gov]


                              {time}  1010
 
                            NOT A BAD RACKET

  (Mr. TRAFICANT asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. TRAFICANT. Mr. Speaker, with all this health care reform talk, 
insurance companies are literally worried sick.
  So to make sure the insurance companies keep their hands in the bank, 
the insurance companies are now buying the hospitals.
  Now, think about this. Insurance companies only insure healthy people 
who do not get sick, and they make a lot of money. Then they take that 
money off the healthy people, and they buy the hospitals. Now, the 
hospitals make money treating all of those sick people that the 
insurance companies will not cover.
  That is not a bad racket.
  All this health reform is really getting the industry to make major 
adjustments. Think about it.

                          ____________________