Lamar Alexander said that if you took all the profits from insurance companies it would only cover 2 days worth of the costs of health care.
What he could have added if he had more time, was that if you take away the profits of a business, it will have no incentive to produce, and no ability to invest and expand.
This is important because many of the provisions of the Senate health care bill aim to curb profit in the health care industry, rather than introduce more competition.
The Heritage Foundation has a play by play here
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