Word: ups
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Dates: during 2000-2009
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Until Senate Majority Harry Reid decided to scrap a government-run insurance plan in order to get the 60 votes needed to pass health care reform legislation, Sen. Jay Rockefeller was one of the chamber's most ardent public option supporters. Without a public option, the West Virginia Democrat feared...
"Insurance companies can do whatever they want with premiums unfortunately, so the medical loss ratio is a superb instrument," Rockefeller said in an interview with TIME, adding that customers have a right to know how much of their premiums are spent on administrative costs like marketing, salaries and profit. "If...
Earlier this year Rockefeller - who is chairman of the Senate Commerce, Science and Transportation Committee - launched an investigation into MLRs. According to Rockefeller, in 2008, insurers in the individual market spent an average of 74% of premiums on health care, compared with 80% in the small group market and 84...
1. Congress cares about polls. Obama's success depends upon his ability to get Congress to do his bidding, and as the polls have soured, this has become a much tougher proposition. With the President's approval rating now dipping below 50% in most polls, Democratic pollsters have begun to...
4. Keynes doesn't play in Peoria. Obama has followed a traditionally Keynesian economic path in responding to the recession - temporarily increasing government spending to make up for slack in the economy. But voters, who continue to suffer from the downturn, are not so impressed. In a recent focus group...