Mar. 17, 2010: Treasurer Tim Cahill

>> TONIGHT ON "GREATER BOSTON",
TIM CAHILL SAYS HEALTH CARE
REFORM COULD BANKRUPT THE
STATE AND THE COUNTRY.
THE INDEPENDENT CANDIDATE FOR
GOVERNOR IS HERE.
AND THE LOCAL WOMAN WHO HAS
TURNED HER CONSTRUCTION
BUSINESS INTO A REALITY TV
SHOW.
GOOD EVENING.
TIM CAHILL, THE STATE
TREASURER, MAKING AN
INDEPENDENT RUN FOR GOVERNOR,
HAS LEVELED AN EYE OPENING
CHARGE AGAINST THE UNIVERSAL
HEALTH CARE LAW IN
MASSACHUSETTS.
AND HE'S PREDICTING DIRE
CONSEQUENCES IF CONGRESS
PASSES A NATIONAL HEALTH CARE
PLAN THAT'S BASED ON THE
MASSACHUSETTS MODEL.

>> IF PRESIDENT OBAMA AND THE
DEMOCRATS REPEAT THE MISTAKE
OF THE HEALTH INSURANCE REFORM
HERE IN MASSACHUSETTS ON A
NATIONAL LEVEL, THEY WILL
THREATEN TO WIPE OUT THE
AMERICAN ECONOMY WITHIN FOUR
YEARS.

>> JOINING ME NOW IS TIM
CAHILL.
WOW.
YOU'VE GOTTEN A LOT AFTER
TENSION AS A RESULT OF THIS,
YOU WERE ON MSNBC THIS
AFTERNOON.
WANT TO TAKE BACK ANY OF THAT?

>> NO, I WISH I COULD.
IN SOME WAYS I WISH I DIDN'T
HAVE TO SAY IT.
BUT LAST WEEK THE GOVERNOR
ACCUSED ME OF BEING MISSING IN
ACTION AND I'VE BEEN ON THE
FRONT LINES FOR THE LAST TWO
YEARS TRYING TO PAY BILLS,
TRYING TO MANAGE CASH.
ONE OF THE MAJOR REASONS WE
HAVEN'T BEEN ABLE TO DO IT IS
BECAUSE THE UNIVERSAL HEALTH
CARE BILL IS SUCKING MONEY OUT
OF OTHER PROGRAMS, OUT OF THE
BUDGET, AND IT'S BECOME AN
ALBATROSS AROUND OUR NEXT, AND
I FELT IT WAS MY JOB TO BRING
IT TO PEOPLE'S ATTENTION IF
MASSACHUSETTS IS THE MODEL FOR
THE NATIONAL PLAN.

>> I'M SURE YOU HEARD THE
GOVERNOR SAY THIS MORNING,
BECAUSE HE WAS ON A COUPLE
RADIO PROGRAMS, THAT YOU ARE
JUST FLAT OUT WRONG, THAT IT
IS NOT SUCKING MONEY OUT OF
THE STATE.
THAT IN FACT IT'S TAKING VERY
LITTLE MONEY AND THE
MASSACHUSETTS TAXPAYERS
FOUNDATION SAYS THE SAME
THING.

>> WELL, I TOOK MY NUMBERS
FROM THE OFFICIAL STATEMENT.
BOTH THE GOVERNOR AND I SIGNED
THAT OFFICIAL STATEMENT, WE
SIGNED IT IN MARCH OF THIS
YEAR.
IT SHOWS THAT HEALTH CARE
COSTS HAVE GROWN BY $4 BILLION
OVER THE LAST FOUR YEARS.
THAT'S NOT INCLUDING YEAR TO
YEAR GROWTH, THAT'S JUST OVER
--

>> BUT THAT COVERS EVERYTHING,
NOT JUST THE COMMONWEALTH
CONNECTOR.

>> THAT'S THE COMMONWEALTH
CONNECTOR AND MEDICAID.

>> MEDICAID, YOU CAN'T DO
ANYTHING ABOUT.

>> MEDICAID IS WHERE WE PUT A
LOT OF THESE PEOPLE WHO ARE
BEING COVERED.
A LOT OF THEM WENT TO MEDICAID,
SO THOSE NUMBERS SKYROCKETED
OVER AND ABOVE INFLATION, IT'S
GROWN BY 52% ALMOST.
THEN YOU HAVE ABOUT $2.5
BILLION FROM THE CONNECTOR,
IT'S LIKE A SECOND MEDICAID
PROGRAM.
SO WHEN YOU COMBINE THE TWO,
WE'VE INCREASED HEALTH CARE
COSTS IN THE STATE BY OVER $4
BILLION.
TO COVER ABOUT 400,000 PEOPLE
WHICH IS ABOUT 4% OF OUR
POPULATION, AND IF YOU LOOK AT
OTHER STATES THAT HAVE A MUCH
HIGHER PERCENTAGE OF UNINSURED
PEOPLE, YOU JUST REALLY HAVE
TO DO THE MATH.
IT'S NOT JUST NOT WORKING AND,
YOU ENSURE MORE PEOPLE, YOU
MANDATE COVERAGE, AND THEN
EVERYTHING, NOBODY GOES TO
EMERGENCY ROOMS ANY MORE,
THEY'RE STILL DOING THAT.
WE'VE GOT COMMUNITY HOSPITALS
SUING THE STATE BECAUSE --

>> PEOPLE DON'T KNOW HOW TO
GET THE INSURANCE YET EITHER.

>> THAT'S PART OF MY CRITICISM
OF THE GOVERNOR.
HE HAS NOT MANAGED THIS
COMMONWEALTH CONNECTOR VERY
WELL.
ONLY 5% OF THE PEOPLE WHO HAVE
GOTTEN INSURANCE, PRIVATE
INSURANCE, HAVE GOTTEN IT
THROUGH THE CONNECTOR, AND THE
CONNECTOR WAS SET UP TO MATCH
PEOPLE UP AND BRING COSTS DOWN
AND CREATE COMPETITION.
AND IT HAS FAILED.
IN BRINGING COSTS DOWN.

>> LET ME SEE HOW I'M GETTING
A HANDLE ON THIS.
YOU'RE SAYING THAT BECAUSE
PEOPLE WHO ARE SIGNING ONTO
THIS MASS CONNECTOR ARE
GETTING HEALTH INSURANCE THAT
IS TOO COSTLY?
YOU'RE NOT SAYING THEY
SHOULDN'T BE GETTING IT?

>> NO, NO.
MOST OF THEM ARE GETTING IT
FOR FREE.
I WAS NEVER INCLUDED IN THE
PLAN, SO I WANT TO SEE --

>> DID YOU SUPPORT IT?

>> I WANT TO SEE PEOPLE
COVERED, SO I DIDN'T OPPOSE
IT.
BUT I DID BRING OUT THE
QUESTION OF HOW WE'RE GOING TO
PAY FOR IT, AND BASICALLY THE
ANSWER WAS WE'LL WORRY ABOUT
THAT LATER.
WELL, LATER IS NOW.
AND WHAT I'M SAYING IS THAT
PEOPLE ARE ALMOST 07% OF THE
PEOPLE THAT HAVE GOTTEN
INSURANCE THROUGH THIS PROGRAM
IN THE LAST YEARS ARE
SUBSIDIZED WHICH MEANS THEY'RE
GETTING MOSTLY FREE INSURANCE.
THE ECONOMY HAS HURT OUR
PROGRAM BECAUSE PEOPLE WHO
WERE WORKING AND GELING
INSURANCE THROUGH THEIR
EMPLOYER ARE NOW GETTING FREE
INSURANCE FROM THE GOVERNMENT.
THAT'S WHY I'M WARNING
CONGRESS.
WE'RE IN A RECESSION STILL,
WE'VE GOT 10% UNEMPLOYMENT,
THAT MEANS THAT MOST PEOPLE
WILL GET FREE INSURANCE, AND
WE JUST CAN'T AFFORD THAT.

>> BUT IF THE RECESSION
RESEEDS, WON'T PEOPLE THEN BE
PAYING FOR MORE?
RIGHT NOW THEY'RE GETTING
GOVERNMENT SUBSIDIES FOR THE
CONNECTOR, BUT SHOULDN'T THAT
GO AWAY --

>> WE HOPE IT WILL.
BUT ONE OF THE THINGS THAT WAS
SUPPOSED TO HAPPEN IS THAT
PEOPLE, BUSINESSES WEREN'T
GOING TO OFF LOAD PEOPLE
BECAUSE THEY HAD TO PAY A
PENALTY.
WELL, THE PENALTY IS LESS THAN
THE INSURANCE COSTS, AND I
THINK BUSINESSES ARE OFF
LOADING PEOPLE INTO THE
GOVERNMENT PLAN.
THAT'S WHY IT'S GROWN MORE
DRAMATICALLY THAN THE PRIVATE
INSURANCE PLAN.
IT JUST HASN'T DONE WHAT IT
SAID IT WAS GOING TO DO, WHICH
IS BRING COSTS DOWN, CREATE A
BIGGER MARKETPLACE.
THEY HAVEN'T DONE ANYTHING
WITH HEALTH INSURANCE
COMPANIES.
AND WE HAVEN'T REALLY
ADDRESSED THE FACTOR OF HOW DO
YOU PAY FOR INSURANCE, HOW YOU
PAY FOR HEALTH CARE.
HOW DO YOU DELIVER IT, HOW DO
YOU PAY FOR IT.
NONE OF THAT WAS REFORMED.
ALL WE DID WAS INCREASE
ACCESS, AND I THINK AT THE END
OF THE DAY, WE'RE GOING TO
HAVE DECREASED ACCESS, BECAUSE
THEY'RE NOT GETTING REIMBURSED.

>> RIGHT NOW WE HAVE A RUNAWAY
PROBLEM WITH THE HEALTH CARE
PROVIDERS THAT WE HAVE,
THERE'S THREE MAIN ONES IN THE
STATE.
I CAN USE THIS EXAMPLE THREE
TIMES, A GUY WHO DOCUMENTED
HIS COST FOR HEALTH CARE, AND
HE SWITCHED PLANS EIGHT TIMES
OVER 12 YEARS, BUT THIS YEAR
HIS PLAN WENT UP 43% FROM
TUFTS HEALTH PLAN.
IT WAS, HE, HIS WIFE, A
16-YEAR-OLD DAUGHTER.
I MEAN, THE GOVERNOR HAS SAID
HE WANTS TO CAP ANY KIND OF
INCREASES PROPOSED BY
INSURANCE COMPANIES AT SINGLE
DIGITS.
THEY'RE COMING UP WITH THESE
WILD FIGURES, 20, 30, 40%.
WHAT CAN GOVERNMENT DO?
I ASKED MARTHA COAKLEY THIS
THE OTHER NIGHT.

>> GOVERNMENT CAN OPEN UP AND
ALLOW PEOPLE TO BUY HEALTH
INSURANCE ACROSS STATE LINES,
ABSOLUTELY SHOULD BE DONE.
I DON'T KNOW WHY IT'S NOT
BEING DISCUSSED.

>> I ASKED HIM ABOUT THAT TOO,
THE COMPLICATION OF DOCTORS.

>> YOU KNOW WHAT, WE'RE
PROTECTING THE INSURANCE
COMPANIES.
THEY HAVE A MONOPOLY.
AND ALL WE'VE DONE IS SAY
YOU'RE MANDATED TO BUY
INSURANCE, BUT YOU CAN ONLY
BUY IT FROM THESE THREE OR
FOUR COMPANIES.
IF THE GOVERNOR FOLLOWS
THROUGH ON HIS CAP YOU MIGHT
HAVE TWO COMPANIES, BECAUSE
YOU MIGHT PUT A COUPLE OUT OF
BUSINESS.
THAT'S WHAT WE DID WITH CAR
INSURANCE, IT DIDN'T WORK, AND
NOW THE GOVERNOR IS PROPOSING
THE SAME.
WE NEED MORE COMPETITION, NOT
LESS.
AND ARTIFICIALLY CAPPING
THINGS IS NOT GOING TO HAPPEN.
CAN WE AFFORD TO SUPPLY PEOPLE
WITH CADILLAC PLANS WHERE THEY
HAVE EVERY SINGLE COVERAGE
UNDER THE ROOF?
NO.
PEOPLE WILL HAVE TO CHOOSE,
SHOULD THE SYSTEM BE MORE
TRANSPARENT SO PEOPLE CAN SEE
WHAT EACH PROCEDURE COSTS AT
WHICH HOSPITAL SO, THEY CAN
SHOP THE WAY THEY SHOP FOR
FOOD AND EVERYTHING ELSE.
THE WAY WE BUY CARS, THE WAY
WE DO THINGS IN THE COUNTRY IS
WE KNOW WHAT WE'RE PAYING FOR.

>> THE INSURANCE COMPANIES
DON'T TELL YOU WHAT YOU'RE
PAYING FOR.

>> THEY DON'T WANT YOU TO
KNOW.

>> YOU'RE BUYING PLANS THAT
HAVE FAR MORE THINGS IN THEM
THAN THEY NEED.
GOING TO THE NATIONAL ISSUE
HERE, THOUGH, WOULD YOU JUST
THROW IT ALL OUT AND START
FROM SCRATCH?

>> I THINK I WOULD SUGGEST YOU
START OVER AGAIN.
THAT IF YOU'RE GOING TO TAKE
THE MASSACHUSETTS PLAN AND
APPLY IT NATIONALLY, IT WILL
BE A FAILURE, YOU'LL COVER
MORE PEOPLE, BUT AT WHAT COST.
WE'RE EITHER GOING TO TAX
PEOPLE BACK TO THE STONE AGE
TO PAY FOR IT OR WE'LL HAVE TO
BORROW MONEY FROM CHINA.
WE'RE REALLY GOING TO GO BROKE,
AND IT'S NOT, I KNOW PEOPLE
ARE THINKING I'M OVERSTATING
THE CASE.
THE COUNTRY OF GREECE IS GOING
BROKE.
BECAUSE THEY BORROWED TOO MUCH
AND THEY WEREN'T WILLING TO
PAY FOR WHAT THEY WERE
BORROWING, THEY WEREN'T
RUNNING THEIR STATE LIKE YOU'D
HAVE TO RUN A BUSINESS OR AN
OPERATION OR ANY OPERATION.
YOU CAN'T SPEND MORE THAN YOU
ARE BRINGING IN AND EXPECT IT
TO LAST FOREVER.
WE'RE DOING IT IN
MASSACHUSETTS, WE'RE BEING
SUBSIDIZED BY THE FEDERAL
GOVERNMENT.
IF THAT SUBSIDY GETS CUT OFF
BECAUSE NOW WE HAVE TO DO THAT
FOR THE ENTIRE COUNTRY, OR THE
STATE OF NEBRASKA OR LOUISIANA,
WE'RE IN BIG TROUBLE.
EVEN CONGRESSMAN CAPUANO
POINTED THAT OUT IN A LETTER
TO HIS CONSTITUENTS OTHER THE
WEEKEND.
HE'S CONCERNED ABOUT THIS.

>> HE'S NOT GOING TO VOTE FOR
IT, AND NEITHER IS CONGRESSMAN
LYNCH.

>> I HOPE THEY DON'T.
BECAUSE MASSACHUSETTS WILL BE
IMPACTED.
WE'RE ALREADY PAYING FOR
HEALTH CARE.
WE'RE GOING TO HAVE TO PAY
TWICE IF THIS BILL PASSES.

>> BUT THAT'S A SELFISH WAY TO
LOOK AT IT.
THE OTHER WAY TO LOOK AT IT IS
IF THERE WAS ONE PLAN, WHICH
I'VE NEVER UNDERSTAND WHY
EVERYBODY DOESN'T SIGN ONTO
THE SAME DEAL AND THEN YOU DO
ALA CARTE SHOPPING AS YOU NEED
IT.

>> I THINK THERE ARE OTHER
OPTIONS OUT THERE, AND I DON'T
WANT TO BE SELFISH, AT THE
SAME TIME I'M RUNING TO
REPRESENT THE PEOPLE OF
MASSACHUSETTS, AND I HAVE TO
BE SELFISH AND WE ALL HAVE TO
LOOK OUT FOR OUR OWN
INTERESTS.
BUT FOR US TO TAKE THE
MASSACHUSETTS PLAN AND RUN IT
A CROSS THE COUNTRY I THINK IS
A RECIPE FOR FINANCIAL
DISASTER.
AND I'M SEEING IT HAPPEN HERE
IN MASSACHUSETTS.
IF I DON'T POINT IT OUT, THEN
I'M DERELICT IN MY DUTY, I'M
NOT DOING WHAT I'M SUPPOSED TO
DO WHICH IS WATCH THE SPENDING
AND POINT OUT INEQUITIES.
WE'RE CUTTING LOCAL AID AND
EDUCATION SPENDING --
IT SHOULDN'T BE.
BUT WE'RE SPENDING 50% MORE ON
HEALTH CARE.
AND OTHER AREAS ARE BEING CUT.
SO IT BECOME AN EITHER OR.
AND IT'S ONLY GOING TO GET
WORSE IF WE DON'T START TO
CONTROL IT AND REFORM SOME OF
THE AREAS THAT NEED TO BE
REFORMED.
AND THAT'S WHAT WE DIDN'T DO
IN 2006, WE RUSHED TO GET THIS
PLAN, WE SAID WE'RE GOING TO
PROVIDE ACCESS AND JUST BY
PROVIDING ACCESS WE'RE GOING
TO LOWER COSTS.
IT HAPPY WORKED, COSTS ARE NOT
DOWN, INSURANCE COMPANIES ARE
MAKING MORE MONEY AND THEY'RE
CHARGING HIGHER PREMIUMS, AND
NOW WE'VE GOT HOSPITALS SUING
US BECAUSE THEY'RE ABOUT TO GO
BANKRUPT.
SO WHAT I'M SAYING IS, YOU
KNOW THE OLD STORY IS IF
YOU'RE DIGGING A HOLE, YOU'RE
NOT GOING TO GET OUT OF IT IF
YOU KEEP DIGGING.
THAT'S WHAT WE'RE LOOKING AT
NATIONALLY.
IF WE JUST KEEP DIGING THIS
HOLE AND SAYING IT'S GOING TO
WORK.
I'M JUST PUTTING UP THE
WARNING SIGN AND SAYING IT'S
NOT GOING TO WORK, LET'S SLOW
IT DOWN, LET'S STOP.

>> BUT ARE THE DEMOCRATS JUST
AL TRUISTIC?
THIS FEELS LIKE IT DEINVOLVED
INTO THIS POLITICAL CAT FIGHT,
AND NO MATTER WHAT HAPPENS, IF
THEY DO THIS DEEMING THING AND
THE BILL PASSES REALLY BY SORT
OF A VIRTUAL VOTE, I MEAN,
THEY'RE GOING TO BE CRUCIFIED
BY THE REPUBLICANS.

>> PART OF THE PROBLEM IS
WE'RE LOOKING AT THIS FROM A
PARTY PERSPECTIVE.

>> EVERYBODY IS.

>> I'M NOT.
I'M NOT, BECAUSE THAT'S WHY I
LEFT THE PARTY.
I THINK WE HAVE TO TAKE THE
IDEAS FROM --

>> BUT

>> THEY HAVE SOME IDEAS OF
COMPETITION, ABOUT SELLING
ACROSS TATE LINES, ABOUT
MEDICAL MALPRACTICE INSURANCE,
TORT REFORM, THINGS THAT HAVE
TO BE PART OF THE DISCUSSION.
DEMOCRATS HAVE A GOOD IDEA
ABOUT PRE-EXISTING CONDITIONS,
YOU SHOULDN'T BE DEFIED --
DENIED IF YOU HAVE
PRE-EXISTING CONDITIONS.
I'D LIKE MORE INCENTIVE
COVERAGE THAN MANDATED
COVERAGE.
BECAUSE ONCE YOU MANDATE
YOU'RE REALLY LOCKING IN
PROFITS FOR THE INSURANCE
COMPANIES.
BECAUSE NOW YOU'VE GOT A
CAPTIVE AUDIENCE.
IF YOU WERE FORCED TO BUY
COFFEE AT ONLY ONE PLACE IN
THE STATE, YOU'LL BE PAYING A
LOT MORE FOR THAT COFFEE THAN
IF YOU HAVE MULTIPLE CHOICE AS
CROSS THE STATE.
AND THAT'S WHAT WE'RE DOING
FOR HEALTH CARE IS MANDATING
THAT HAVE YOU TO HAVE IT BUT
LIMITING YOUR CHOICES.
AND THAT'S NOT GOING TO BE
SUSTAINABLE, ESPECIALLY
NATIONWIDE.

>> THE REPUBLICAN GOVERNOR,
GUBERNATORIAL CANDIDATE
CHARLIE BAKER, DO YOU THINK
HE'S VULNERABLE ON HIS
POSITION WITH HARVARD PILGRIM
BECAUSE HE TOO WAS A HIGH
SALARIED GUY, THESE ARE GOOD
PAYING JOBS.
HE QUIT HIS, TO HIS CREDIT, TO
RUN FOR GOVERNOR.
BUT NOT ONLY THAT, BUT HE WAS
PART OF THE MONOPOLY SYSTEM.

>> YES, HE GOT $1.3 MILLION
FOR SEVEN MONTHS OF WORK LAST
YEAR AND AT HIS SALARY WENT UP,
SO DID PREMIUMS SO, THERE WAS
DEFINITELY A CONNECTION
BETWEEN THE TWO AND IT'S A
NONPROFIT. SO SHOULD WE BE
PAYING NONPROFITS AS MUCH AS
WE'RE PAYING FOR PROFIT?

>> THAT IS A MISNOMER.
AND THE OTHER THING IS, HAVE
YOU REALLY LOOKED AT THESE
INSURANCE COMPANIES, HOW THEY
COULD BE LOSING THE KIND OF
MONEY THEY ARE?

>> IF BLUE SHE'LL SERIOUSLY
LOST $150 MILLION LAST YEAR?
HOW?

>> I HAVEN'T HAD THE
OPPORTUNITY TO SEE THAT.
I WANT TO CONTINUE TO COVER
PEOPLE, NOW THAT WE'VE STARTED
WE CAN'T GO BACK ON THAT.
BUT I DO BELIEVE THERE ARE
WAYS TO DO IT AND WE CAN'T
AFFORD, THE TAXPAYERS CAN'T
AFFORD A CADILLAC PLAN FOR
EVERYBODY.
IF A CHEFLY DO, THEN A CHEVY
WILL DO UNTIL YOU CAN PAY FOR
IT YOURSELF.
THEN IF YOU WANT THE BENEFITS
YOU PAY MORE FOR THEM.
THE KEY FOR US I THINK IS TO
GET PEOPLE BACK TO WORK FIRST,
BECAUSE THAT CAN SOLVE A LOT
OF OUR PROBLEMS, AND OUR FOCUS
ON HEALTH CARE IS TAKING AWAY
OUR FOCUS ON JOB GROWTH.
NATIONALLY AND HERE IN THE
STATE OF MASSACHUSETTS.
SO WE'VE GOT OUR PRIORITIES.

>> A BIG JOB OPEN OVER THERE
ON BLUE CROSS BLUE SHIELD, YOU
YOU MAY WANT TO JUMP ON THAT
ONE.

>> IF IT'S STILL AVAILABLE IN
NOVEMBER, I MAY BE AVAILABLE
TO DO IT AS WELL.

>> HOPE THEY DON'T RECRUIT
SOMEBODY FROM OUT OF STATE.

>> I JUST FELT IT WAS MY
RESPONSIBILITY TO MY
CONSTITUENTS AND ALSO ALSO TO
THE CONSTITUENTS TO THE PEOPLE
OF THE COUNTRY TO SAY IF
MASSACHUSETTS IS THE MODEL,
BEWARE.
BE AFRAID AND LET'S GET IT
RIGHT.
LET'S NOT, IF WE'RE MAKING
MISTAKES THE WORST THING WE
CAN DO IS CONTINUE TO MAKE
THOSE MISTAKES, THAT'S WHY WE
DO PILOT PROGRAM TOLLS SEE IF
IT WORKS.
THIS HASN'T WORKED AT LEAST
FROM A FINANCIAL PERSPECTIVE,
AND IT'S NOT GOING TO BE
SUSTAINABLE GOING FORWARD.

>> DID YOU KNOW YOU WERE GOING
TO GET THE KIND OF RESPONSE
FROM THIS?

>> NO, I WAS RESPONDING TO THE
GOVERNOR'S MISSING IN ACTION
COMMENT LAST WEEK WHEN HE SAID
--

>> IT WAS IN REFERENCE TO
CHARLIE BAKER TOO.

>> BUT HE'S ALSO REFERING TO
ME.
I'VE BEEN WORKING AT THE
TREASURY TRYING TO FIGURE OUT
HOW TO PAY THE BILLS AND THE
GOVERNOR HAS IGNORED THIS
RECESSION WE'RE IN.
WE'RE SPENDING MORE FOR HEALTH
INSURANCE, THAT'S WHERE --

>> THEY DISPUTE THOSE FIGURES.

>> IT'S ON THE OFFICIAL
STATEMENT.
THE GOVERNOR SIGNED IT.
WE JUST TOOK IT RIGHT OFF THE
BUDGET, WE DIDN'T MAKE
ANYTHING UP.
THEY MAY SAY IT'S NOT COMING
FROM THESE PLACES, BUT THERE'S
A LINE THAT SAYS H. C. R.,
HEALTH CARE REFORM, AND IT
SAYS COMMONWEALTH CONNECTOR
AND THE NUMBERS ARE A BILLION,
A BILLION, 700 MILLION, 600
MILLION.
THOSE NUMBERS ARE IN THE
BUDGET.
AND SO I KNOW IN MY POSITION,
RUNNING FOR GOVERNOR, THAT OUR
NUMBERS WOULD BE ATTACKED.
AND LET'S FACE IT.
THE GOVERNOR AND I BOTH SIGNED
THIS UNDER PAINS AND PENALTIES
OF PERJURY, WE BOTH SIGNED THE
OFFICIAL STATEMENT, IT GOES
OUT TO ALL OUR INVESTORS WHEN
WE BORROW MONEY.
THIS IS WHAT WE STAND BEHIND,
AND I'M JUST PULLING THOSE
NUMBERS RIGHT OFF THE SHEET.
AND IT SHOWS ME THAT WE'VE GOT
PROBLEMS.

>> ALL RIGHT.
TIM CAHILL, ALWAYS A PLEASURE
TO HAVE YOU HERE.

>> THANK YOU VERY MUCH.