A Federal Agency To Regulate Health Insurance Premium Increases A Great Step Forward!

The health insurance industry is running amuck with tremendous jumps in premiums, which will force many middle and lower class citizens to have to drop health care, just at a time when there is a great need to expand coverage to millions, who have none at all.

Therefore, the announcement that President Obama is calling for a health insurance commission to have the power to control premium increases in the public interest is an important step to curb the runaway inflation on health care!

Of course, many Republicans will say it is “socialism”, but actually it really is an extension of REGULATION in the public interest, as we cannot allow corporations to forestall the essential passage of health insurance controls on rates, that allow citizens to insure what all of us are entitled to at birth: good health care!

This is one step in preparation for the Health Care Summit at Blair House this Thursday, but already the GOP is indicating it will refuse to back controls on health care costs. It will be interesting to see how this Thursday event plays itself out!

3 comments on “A Federal Agency To Regulate Health Insurance Premium Increases A Great Step Forward!

  1. Fred February 23, 2010 6:10 am

    Just remember how well the system works in Florida. We have a state agency which supposedly regulates home insurance and the power companies. I don’t think those work too well.

  2. Ronald February 23, 2010 7:18 am

    That is true, but remember this is Florida! LOL It all comes down to who is put on the agency’s board, and who the President is who is appointing these commissioners!

  3. Fred February 23, 2010 9:02 am

    As a democrat, I would welcome the oversight of this type of board. I would not welcome the oversight by a republican appointed board. How partisan I am!

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