An Attempt to Force Insurance Companies to Dedicate More Cash to Care
Sen. Jay Rockefeller (D-W.Va.), chairman of the Senate Finance Committee’s health subpanel, is no fan of the insurance industry, as was made perfectly clear
Jul 31, 2020199.1K Shares2.6M Views
Sen. Jay Rockefeller (D-W.Va.), chairman of the Senate Finance Committee’s health subpanel, is no fan of the insurance industry, as was made perfectly clear during Tuesday’s debate on his failed amendmentto create a public plan.
Along those lines, the West Virginia Democrat plans today to propose legislation requiring insurance companies to dedicate a minimum percentage of their premium revenues to the delivery of medical care. Rockefeller claims those companies spend too much paying salaries and rewarding shareholders, and not enough treating patients.
He has a point. The health reform bill moving through the Senate Finance Committee is a gift to the industry industry, supplying upwards of $460 billion in insurance subsidies over the next decade. Rockefeller said Congress should enact “some guarantee that these taxpayer dollars are being used to help American families get health care. … We must demand that with taxpayer dollars the health insurance companies put people before profits.”
A vote on Rockefeller’s proposal should come later today.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
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