“Medicaid. You wonder what Medicaid is; those who aren’t into all this government st

“Medicaid. You wonder what Medicaid is; those who aren’t into all this government stuff. You know, I have to admit, I didn’t know the differences between all these things until I got into government.” -Mitt Romney, Sioux City, Iowa, December 2011

While working at Bain, Romney led a $311 million buyout of American Healthcare Management, which gets about half of its income from Medicare and Medicaid (citation).

(Videohere. Scroll through to 2:34.)