Rockefeller Withdraws Amendment to Force Insurers to Spend More on Care
Earlier today, we previewed an effort by Sen. Jay Rockefeller (D-W.Va.) to require insurance companies to dedicate a minimum share of premium revenues to health
Jul 31, 2020594.7K Shares8.4M Views
Earlier today, we previewed an effortby Sen. Jay Rockefeller (D-W.Va.) to require insurance companies to dedicate a minimum share of premium revenues to health care delivery, as opposed to administrative costs, profits and executive pay. Moments ago, the West Virginia Democrat made his case for the amendment, then withdrew it. The Congressional Budget Office, he said, hasn’t scored it yet.
It wouldn’t have passed anyway. Aside from Republican opposition, which would almost certainly be unanimous, Sen. Jeff Bingaman (D-N.M.) said he wouldn’t support the measure either. The underlying bill, Bingaman argued, already addresses the most egregious industry abuses.
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.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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