Read time: 1 minute

Pelosi Cautions Insurance Companies: Behave, Or You Won't Be Listed On Exchanges

Here's something I didn't know: A couple of hours after President Obama signed the health-care bill, an elated House Speaker Nancy Pelosi met with a

Here's something I didn't know:

A couple of hours after President Obama signed the health-care bill, an elated House Speaker Nancy Pelosi met with a group of columnists and commentators, issuing a warning to insurance companies and offering a surprising view of White House Chief of Staff Rahm Emanuel.

Asked if insurance companies might raise their rates on health coverage and blame the increases on the new health-care bill, Pelosi said that the insurance companies should be aware that they’re not “automatically included” in the new health exchanges the bill creates.

“Unless they do the right thing, they’re not going in,” she said. “They will be relinquishing the possibility of having taxpayer-subsidized consumers in the exchange,” she said.

Under the new law, the health exchanges Pelosi referred to will be created in 2014. By pulling customers together, they will give individuals and companies a better chance of bargaining when they buy health insurance. Because the exchanges are expected to serve millions of new customers, insurance companies will want to be part of them.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team