Restoring Competition To The Health Insurance Industry

Speaker Pelosi, Leader Steny Hoyer, Chairwoman Louise Slaughter, Congressman Peter DeFazio, and Wendell Potter, a former insurance industry executive, held a news conference to discuss the Health Insurance Industry Fair Competition Act that will end the unfair antitrust protection for the health insurance industry. The House is debating this legislation on February 24, 2010.

Learn more about the bill at http://www.speaker.gov/newsroom/legislation?id=0355

Category:

News & Politics

Tags:

• antitrust
• hcr
• health reform
• wendell potter
• hoyer
• pelosi
• slaughter
• defazio
• congress

[judyleasugar97]

Universal health care would function exactly the way medicare does now: the government would oversee the health insurance companies to make sure the public isn't screwed over! No one would "lose" here except the health insurance execs who would be out their millions of dollar bonuses they make from denying people coverage! You better believe they're doing everything they can to try and prevent this!

[Repsol52]

Nancy is insane I hope people wake up and vote this madwoman out of office.I hope the people of California vote everyone out of office.

[judyleasugar97]

@Dvader64909: It also doesn't say anything in the Constitution about a 40 hour work week, minimum wage, and social security in the Constitution, but they are necessary.

[Dvader64909]

Nancy

For the fourth time where in the US Constitution does it say you have to buy Health Insurance???I got my Copy and I can't find that part. Please stop erasing my comment .  Daniel from California

[judyleasugar97]

Obviously breaking up the insurance company monopoly is a big step forward. The problem with your other argument is that the people who don't have health insurance get sick and go to the emergency room. It would be a lot cheaper to fund a public option than pay for all those trips to the ER.

[judyleasugar97]

Bush and his Republican congress passed legislation over 8 years that deregulated the market, but it really began with god damn Ronald Reagan.

[MishuTaste]

Didn't the SEC exist during the Bush presidency from 2000 to 2008? They were responsible for regulating stock & bond trading. And the Office of Thrift Supervision was responsible for regulating the banks. By the way, who repealed the Glass-Steagall Act?

[peterlows]

I can agree with breaking up the insurance cartel and setting guidelines and keeping the insurance corps free from government control and keeping it a free mkt. .We don't want govt health care bill footed by the tax payers plain and simple.Guidelines,rules and competition across statelines would upright this mess without complete control by the govt.

[judyleasugar97]

@MishuTaste: Completely untrue. Bush and the Republican congress deregulated the market.

[MishuTaste]

Market regulation was set up during those 8 years...I can't help it if the SEC was asleep during that time. Free market competition among health insurance companies (across state lines) will lower the price of health care.