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Quote by Theodore J. Forstmann

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Theodore J. Forstmann
Theodore J. Forstmann

Theodore J. Forstmann was an American businessman and venture capitalist. He co-founded Forstmann Little & Co., a leading private equity firm, and was involved in numerous investments and business ventures throughout his career. Forstmann passed away on November 20, 2011. more

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“One of the principal impediments to job creation is uncertainty on the part of American companies, large and small. We've all watched as companies have sat on a lot of capital. They're uncertain about what tax policy is going to be. They're clearly uncertain about how health care costs. They're uncertain about all the regulations on capital markets.”

“One such troubling provision is a tax increase to pay for the $635 billion included in the budget for health care 'reserve funds.' Health care reform is desperately needed in America, but I'm concerned that $635 billion will be a down payment on socialized medicine, causing the impersonal rationing of health care and destroying the doctor-patient relationship.”

“[I] vow[ed] to fight against socialized medicine....On healthcare, I agree with the President that we need to get costs under control...I can also say without hesitation, that the quality of healthcare in this county is second to none - and sacrificing quality to achieve these necessary reforms is not acceptable. A single payer, government run healthcare system is the worst possible way to achieve this goal.”