Pelosi issues a tough warning to health insurance companies
March 24, 2010
A few Democrats have expressed the fear that health insurance companies might try to ram through stiff rate hikes between now and November and blame the higher costs on the health care bill. After all, insurers fear having their profits trimmed if they will no longer be able to dump their customers when they get sick.
House Speaker Nancy Pelosi has a warning to health insurers who try to ram through rate hikes: Don’t do it.
Speaking to a dozen or so columnists a yesterday, Pelosi warned that insurance companies that gouge their customers won’t be allowed to participate in the new insurance exchanges that will become available. Those exchanges hold the potention for millions more customers, so insurers will want to be able to participate.
“Unless they do the right thing,they’re not going in,” Pelosi said. The new health care reform law allows the fed to regulate the insurance exchanges.
This is getting sicker and sicker. Nazi Pelosi telling private companies to shut up and toe the line or the government will starve them and shut them out. Outrageous.
If we don't win - and win big - in November, I think we are going to start having to seriously look at 'non-political' solutions to our crisis in Washington...