Cyrus Dugger

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

From MyDD:

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

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.

(link)

Posted at 6:02 PM, Jan 31, 2007 in Permalink | Comments (0) | TrackBack (0)