[Congressional Record Volume 156, Number 129 (Thursday, September 23, 2010)]
[House]
[Page H6884]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
HEALTH INSURANCE HIKES
(Mr. BLUMENAUER asked and was given permission to address the House
for 1 minute.)
Mr. BLUMENAUER. I'm outraged by the blatant lies being told by some
health insurance companies. I have a renewal statement here for a small
business with a 28 percent increase, allegedly all because of health
insurance reform.
How do we know it's a lie? Because the rate hike was requested before
health reform passed. Health insurance rates were increasing at an
astounding rate before health reform. That is why we passed the law,
because consumers were paying more and getting less.
Their business model is dying, and health reform has nothing to do
with it.
Hello. Without new exchanges, new tax credits for small businesses
and subsidies for families, your industry is in a death spiral because
people can't afford to buy your product.
The recent shocking rate increases are exactly why we need to
implement health reform as soon as possible. We can't afford to slow
down, let alone turn back. If insurance companies were honest, they
would admit they can't afford it either.
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