States concerns over Insurance companies solvency
While friends of mine at the AFL CIO march on Washington with a list of things they would like health care to accomplish, Obama is pushing for a healthcare plan that in the end will still fail to lower premium costs.
In my view, President Obama’s healthcare plan ignores California’s low income demographics and fails to address the flaws in the plan.
Democrats have boasted in recent weeks about filing anti trust provisions to break up large insurers and keep themn from not only monopolizing healthcare but allowing states to sell insurance across state lines.
Besides a large non citizen population and statistics from Massachusetts which has the highest premiums in the entire United States. The well intentioned plans have failed to lower costs in both the large group, small group and individual insurance markets.
Now states are now beginning to voice concerns that they will not be able to regulate their insurance markets.
Where their loyalties are to California’s main insurers is hard to discern at this point.
Taken from the New York Times
States are beginning to voice concerns that they would be left to police the solvency of health insurance companies while federal officials pressured insurers to reduce premiums, as Mr. Obama has done in recent days.
“You can’t separate the underlying solvency of companies from the rates they charge,” said Sean Dilweg, the insurance commissioner in Wisconsin. “The federal proposal would be a huge pre-emption of decisions that states have made over their history.”
http://www.nytimes.com/2010/03/09/health/policy/09rates.html
http://articles.latimes.com/2010/mar/08/nation/la-na-chamber9-2010mar09
States are voicing their concerns about the role that a federal insurance commission would have over setting rates and premium costs on fears that they have to ensure that their state insurance companies remain solvent.
Article written at Chabot College
http://www.chabotspectator.com/2.12120/the-united-nations-should-help-the-u-s-in-iraq-1.1654927
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http://www.defense.gov/pubs/pdfs/9010Quarterly-Report-20061216.pdf