Snowe, Lincoln, And Landrieu Push To Eliminate State Insurance Regulation

[cal04]

By: Jon Walker
http://fdlaction.firedoglake.com/2009/12/03/snowe-lincoln-and-landrieu-push-to-eliminate-state-insurance-regulation/

Politico is reporting that Snowe, Lincoln, and Landrieu have submitted an amendment that would effectively eliminate all state regulations concerning what insurance companies must cover:

SA 2859 Snowe/Landrieu/Lincoln – nationwide plans: deletes state opt out language, adds rating requirements to plan requirements

If you live in a state with strong minimum benefit insurance regulations (California, Minnesota, New York, and Vermont come to mind), you will lose your current health insurance, and your insurance coverage will get worse.

What are nationwide plans? As I explained in an earlier post, they are an idea strongly championed by the health insurance lobby. The Senate bill would effectively nullify current state regulations on what insurance plans must cover by allowing insurance companies to sell “nationwide plans” in any state. These nationwide plans would only be required to meet the minimum coverage benefits mandated by the federal government and the state in which they are based. (Think of the deregulation of the credit card industry.) These nationwide plans could sell in other states, and would be exempt from those states’ insurance regulations. In effect, this completely guts state insurance regulation of minimum coverage. Utah, for instance, has very lax regulation, so expect all insurance companies to be based there by 2016.

Currently, the bill has an opt-out to allow states to stop these state-law-violating nationwide plans from being sold in their state. Snowe, Lincoln, and Landrieu want to take away this power from states and force them to allow these national insurance plans to be sold. These three Senators want to take away states’ rights to regulate health insurance, and gut many states’ insurance regulations. This is a very bad amendment that will make health insurance worse for millions and millions of Americans.

[Sebastian Doyle]

1. What the FUCK is wrong with these people?

Have they learned NOTHING from all the damage done to this country by the last 30 years of deregulating fucking EVERYTHING?? :grr:

[Kermitt Gribble]

3. It's damaged us,

and made them even richer. Why would they stop? This will keep going until we forcibly stop it.

[FiveGoodMen]

7. It's working fine for THEM

My question is: Why hasn't the perpetually-victimized populace learned from the last 30 years?

[Old Codger]

9. These people

Want this thing to fail, and actually for all intents and purposes it is a dismal failure already....

[Neecy]

2. Nice

They want to pull everyone's health care coverage down to the levels of their rural dirt-farming states so their serfs won't feel envious that someone is getting something they don't have.

Brilliant!

[me b zola]

4. Ugh

All three of them need to go.

[Bitwit1234]

5. I think the MSM is surely not doing it's job.

You do not hear anything about this. These people states media should be blaring this 24/7. Letting the people know that these congress people are not working for them but have their head up health insurance a**. They should be recalled or impeached on something.

[N_E_1 for Tennis]

6. Profits, profits, profits

Money, not us.

Come on let's find a plan to stop that.

hahahahahahahhahahahhahah!!

[Samantha]

8. Is this the "secret amendment"

under consideration?

[Canuckistanian]

10. Oh, fuck that

The regulation of insurance companies is already a joke. But at least there's SOME regulation.

Is this what's called bipartisan support? I'd call it UNIPARTISAN corporate insurance company support.

[ProudToBeBlueInRhody]

11. We're fucked

We don't really have any kind of majority.