The irony is that policing the insurance industry is the primary responsibility of the States. Many of the States, particularly large red States (e.g., CA, NY, ILL) have ineffective insurance / health plan regulatory agencies.
California's Department of Managed Healthcare is probably the worst. Horribly politicized and ineffective, largely due to the fact that the agency director is appointed by the Governor and not elected. Many in the know say that the DMHC is the best watch dog the health plans could buy. Not surprisingly, health plans and insurance companies are big donors to politicians.
Another example of Government creating a "crisis" and using it to curtail freedom and and amass power.
Fix Medicare First! Don't even talk about messing with private sector health care until you fix existing government healthcare programs.
Government has managed to bankrupt medicaide, and through it's regulatory power managemnt, it has made a mess out of our existing health care system.
Why in Gods name do people in this country think having government controlling the entire health care system will result in anything better?
The track record of government is clear; stupid politicians who haven't a clue about anything except running for election will not make our health care system better.