A Quote by Kathleen Sebelius
I'm a former insurance regulator. What companies really want and need is some clarity about what the rules are.
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I really have aproblem with the fact that insurance companies don't see infertility as a medical condition requiring coverage. I do want there to be some pressure on the insurance companies.
We have to do a better job of putting some rules on the insurance companies.
Insurance companies don't necessarily want to invest in your wellnes because you're likely to switch insurance companies within 10 years. They don't benefit from their investment in you.
The Fundamental Regulator Paradox ... The task of a regulator is to eliminate variation, but this variation is the ultimate source of information about the quality of its work. Therefore, the better the job a regulator does the less information it gets about how to improve.
What the insurance companies have done is to reverse the business so that the public at large insures the insurance companies.
I've been on record since 2005 saying we need to find a way to eliminate the use of the pre-existing condition. The way to do that is really to get everyone in the insurance pool, and that way, we'll have people who need health services today, some who need it tomorrow, and some who won't need it for quite some time.
We need a significant amount of market stability, not for the insurance companies, but to ensure patients can get access to the care they want.
The basic premise of insurance is the pooling of funds from many to cover the costs of some. There are complicated methods for how to do this, but one fact remains consistent: For insurance to work well, people need to be in and stay in the insurance pool.
The insurance companies make about $15 billion a year. They have doubled their profit margin under Obamacare. And so now we're going to take a lot of this and call it a stabilization fund, but really it's a bailout of insurance companies. And I just think that's wrong. I just can't see why ordinary, average taxpayers would be giving money to very, very wealthy corporations. An analogous situation would be this: We all complain that new cars cost too much. Why don't we have a new car stabilization fund and give $130 billion to car companies?
Nobody likes insurance companies, especially health insurance companies.
Let's fix what's broken about Obamacare, but let's not throw it away and give it all back to the insurance companies and the drug companies.
In terms of energy sectors, we need coal; we need oil; we need gas; we need uranium. And we need to have rules and regulations that allow those companies to stay in business.
I am here for my mother and all the Americans who are forced to spend time arguing with health insurance companies instead of focusing on getting well. I am here for the millions of lives that will be touched and in some cases, saved, by health insurance reform. I am here for the small businesses who are forced to choose between health care and hiring. I am here for the seniors who are unable to afford the prescriptions they need.
The problem or the fundamental flaw of Obamacare was that they put regulations on the insurance, about 12 regulations, which increased the cost of the insurance. And so President Obama wanted to help poor, working-class people, but he actually hurts them by making the insurance too expensive to want to buy. I had someone at the house just recently was doing some work, and he said: "Oh, my son doesn't have insurance, he's paying the penalty because it's too expensive."
I think what I brought from the private sector was a real appreciation of how much leverage - respect, if you will - that the SEC has. Major companies, in particular, really don't want to be at war with their primary regulator. The SEC may not have appreciated just how great our leverage is.
Everybody says they want to have private providers and we're saying fine. Let the states negotiate on behalf of a population in your state to drive down your costs. Don't just give subsidies to insurance companies for expensive insurance.
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