Research by the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University has found that employee ownership boosts compa… - Bernie Sanders

Jake, let's be honest and understand that this coronavirus pandemic exposes the incredible weakness and dysfunctionality of our current health care system. Now, we're spending twice as much per person on health care as the people of any other country. How in God's name does it happen that we end up with 87 million people who are uninsured or underinsured and there are people who are watching this program tonight who are saying, "I'm not feeling well. Should I go to the doctor? But I can't afford to go to the doctor. What happens if I am sick? It's going to cost thousands of for treatment. Who's going to feed my kids?" We are the only major country on Earth not to guarantee health care to all people. We're spending so much money and yet we are not even prepared for this pandemic. How come we don't have enough doctors? How come hospitals in rural areas are shutting down? How come people can't afford to get the prescription drugs they need because we have a bunch of crooks who are running the pharmaceutical industry, ripping us off every single day? And I'll tell you something right now. In the midst of this epidemic, you got people in the pharmaceutical industry who are saying, oh, wow, what an opportunity to make a fortune. So the word has got to go out, and I certainly would do this as president: You don't worry. People of America, do not worry about the cost of prescription drugs. Do not worry about the cost of the health care that you're going to get, because we are a nation -- a civilized democratic society. Everybody, rich and poor, middle class, will get the care they need. The drug companies will not rip us off.

Well, our hearts go out to everyone. We need to move aggressively to make sure that every person in this country who has the virus, who thinks they have the virus, understands they get all the health care that they need, because they are Americans, that we move aggressively to make sure that the test kits are out there, that the ventilators are out there, that the ICU units are out there, that the medical personnel are out there. But, Jake, if I might also say, that in this moment of economic uncertainty, in addition to the coronavirus, it is time to ask how we get to where we are, not only our lack of preparation for the virus, but how we end up with an economy where so many of our people are hurting at a time of massive income and wealth inequality. It is time to ask this -- the question of where the power is in America. Who owns the media? Who owns the economy? Who owns the legislative process? Why do we give tax breaks to billionaires and not raise the minimum wage? Why do we pump up the oil industry while a half-a- million people are homeless in America? This is a time to move aggressively, dealing with the coronavirus crisis, to deal with the economic fallout. But it's also a time to rethink America and create a country where we care about each other rather than a nation of greed and corruption, which is what is taking place among the corporate elite.

Today, in terms of health, we have a dysfunctional healthcare system in which we spend the astronomical and unsustainable sum of nearly $13,000 for every man, woman and child, twice as much as most developed countries and almost 20% of our GDP. Yet, despite that huge expenditure, 85 million Americans are uninsured or underinsured and we have worse health outcomes and lower life expectancy than many other nations. While the insurance companies make huge profits, over 500,000 people declare bankruptcy each year from medically related debt, and over 68,000 die because they can’t afford the care they need. Our complicated and fragmented system is so broken that it cannot even produce the number of doctors, nurses, dentists and mental health personnel that we desperately need. As a nation, we must focus on the reality that the function of a rational healthcare system is to provide quality care for all, not simply huge profits for the insurance industry.