Here they come to save the day
The RINOS are on the way
Because he said today that passing the HealthCare Reform Bill would reduce the national debt ?
Letters to the Editor Fresno Bee (Calif)
No authority over insurers
Published online on Monday, Sep. 14, 2009 E-Mail
Having taught insurance law at the college level for many years, I can say, unequivocally, that the statements currently coming from Washington, in reference to forcing health insurance companies to liberalize their underwriting and reduce their rates, is beyond the authority of the federal government. Any attempt to do so would be, in legal terms, an ultra vires, and thus, illegal act.
Neither the president nor Congress have any authority over who insurance companies insure or what they charge. In 1945, Congress passed the McCarran-Ferguson Act (Public Law 15) which gives exclusive authority for such regulating to the individual states under their “police power” laws. Every state has an insurance department headed by a commissioner, director or superintendent of insurance. (Note: Social Security and Medicare are not insurance. You have no binding contract with either one.)
The president has been claiming that health insurance companies must change their underwriting to include everyone, regardless of age, dangerous activities, medical history or existing health problems. This is pure rhetoric, designed to encourage favoritism for his controversial health plan.
H.B. “Bud” Thompson
http://www.fresnobee.com/277/story/1637420.html?story_link=email_msg
Here are GLOBAL reasons:
http://www.realclearmarkets.com/articles/2009/09/23/hr_3200_will_collapse_global_medicine_97423.html