Harry Reid: "The insurance industry is the enemy of most everything we do today"

cross-posted from Calitics, the progressive community blog for California, also at dKos

I was also on the call that Chris mentioned in Breaking Blue, and like always, I was impressed with Sen. Reid. However, I'll leave that to the national bloggers.  I highly recommend Bob Geiger for coverage of all things Senate.

I, however, wanted to address Arnold Schwarzenegger's health care plan.  This is relevant primarily because Schwarzenegger plans on asking for $3.7 billion in new federal funds for the plan.  So, I asked the majority leader, what he thinks of California's plan, if the Governor will get his money, and where we should go from here.


Unfortunately, I'm not a great transcriber, but he is certainly up on the issues.  However, he pointed out something that I also addressed in my post entitled "Health Insurance Sucks", namely that the insurance industry, well, sucks:


The problem is that the insurance industry is the enemy of most everything we do today.  They have an anti-trust exemption from the Depression era that was supposed to last only a few years (the McCarran-Ferguson Act) but is still with us today.  This exemption allows the industry to do harmful things to the country. They are fixing prices, which would ordinarily be a violation of the Sherman Anti-Trust Act, but there is nothing we can do. 


More over the flip...

Well, I couldn't agree more with the statement that the insurance industry is the enemy of good health care.  While Sen. Reid is just looking to eliminate McCarran-Ferguson, I'd like to eliminate it all together, but Reid's strong language is a great start.  By the way, the words in bold were a direct, and accurate, quote. I was sure to get that sentence perfect because it was such a thrill to hear that from the mouth of the Senate's Leader.


We moved on to the issues relating to Arnold's plan:


The insurance industry is broken, there are 47 million uninsured Americans, and there all sorts of hidden costs. I'm glad that the Governor is at least taking health care on. He's the Termainator, and that could bring attention to the issue.  But we have to see how Massachusetts works first.


There was an article by the syndicated columnist Mike Samuelson (spelling?) that said the cost of insurance in Massachusetts with their plan was twice what the state expected, or about $4600 per person. They are having problems with the costs. I think that we everybody should have the same kind of care that I have, that Congress has.


We need to first look at McCarran-Ferguson and what we can do to stop the insurance industry from hurting us.  The Gulf Coast situation is an example of that.  Even some Republicans are beginning to talk about how the insurance industry has failed us. So we could see some movement on these issues soon. 


So, I guess the big question that stands out here is whether we can afford Arnold's plan if the Congress doesn't plan on providing the additional federal funds. Is this plan DOA? The debate is certainly worthwhile, but don't we need to deal with the insurance industry as well? Do we really need to give them a huge windfall that would require every Californian to pay them for their overpriced  services?

Tags: Harry Reid, Health care, McCarran-Ferguson Act (all tags)

Comments

2 Comments

Well, Arnold-Care really is gawd-awful...

That's why we must make sure that the health care plan that succeeds this year is a more comprehensive plan that DOES NOT FLIP THE BILL ON WORKING PEOPLE while corporations get off SCOTT FREE!

Thanks for the update, Brian. I just hope that we can succeed in stopping Arnold's corporate gieaway from becoming California health care law.

: )

by atdleft 2007-01-31 09:43AM | 0 recs
Trouble is...

It had previously not registered with me. But a little Googling on THOMAS suggests that there has been an awful lot of looking at McCarran-Ferguson repeal in the last few decades, but (obviously) nothing achieved.

Obviously there will be no repeal in the 110th; what do 08 prez candidates say? What did 04 candidates say? Clinton? Carter? LBJ? JFK?

That takes us back to Truman with Dem trifectas!

by skeptic06 2007-01-31 01:51PM | 0 recs

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