Woot! I love it when we get some plain-spoken truth on the House Floor. Such a refreshing change from the Republican lies and fear-mongering.
The Republican record defies their rhetoric. Remember their so-called Prescription Drug Benefit for Seniors passed in the dark of the night? No one read the bill, didn’t know what was in it. Cost 700 billion dollars ‘cause that was subsidizing the pharmaceutical and insurance industry. But now, they’re worried about costs. It gave the seniors a donut hole.
Now their concern is not about what they’re stating. It’s about their patrons in the insurance industry. Because this bill has real reforms of the worst abuses of the insurance industry. It takes away their unfair anti-trust immunity, so they can no longer collude to drive up premium prices or restrict coverages. The Republicans would continue the anti-trust exemption. This bill outlaws the unfair pre-existing condition restriction. Republicans would continue that for the insurance industry. This bill would not allow the industry to cancel your policy even though you’ve been paying your premiums when you get sick. It’s called recission. The Republicans allowed that abuse to continue. This bill, on our side, outlaws the small print that limits your lifetime coverage, which bankrupts families every day in America. The Republicans allow it to continue.
And that’s not enough. They’ve opened up a new loophole, their so-called national plan: a company would only be regulated by the laws of the state in which it was based when it sold you a policy. If you live in Oregon, but you bought a policy that was written--and oh, by the way, they expand the definition of state to include the territories in the Mariana Islands—so if you’ve got a problem, call the Mariana Islands Insurance Commissioner. That’s the Republican plan and profits to the insurance industry!