"the protections that would be repealed include, among others, prohibiting gender rating, prohibiting the denial of people and children with preexisting conditions insurance"
"I think that this replace plan is not one that is good for American consumers"
"Reduced insurance premiums for some people are little consolation for the consumers who, under H.R. 371, would be left without coverage."
"Senator Toomey rightfully emphasized that the current model of futures markets clearinghouses worked well during the crisis."
"Insurance companies would be empowered to avoid caring for the sick people who cut into their profit margin."
"I do think it is--and I know this does not directly affect you gentlemen. My understanding, though, is that the promulgation of the regulations does create the possibility that end users will have mar..."
"In fact, Senator Johanns and I have introduced legislation that would deal with this which would really specify and make it clear that this requirement would not apply to end users."
"I think it is very important that we do this in a very cautious fashion."
"Thank you very much, Mr. Chairman, and thank you for deciding to do this hearing."
"I think it is necessary that we take that approach so that the tremendous benefits to the economy from these tools do not get eroded."
"As to whether or not an end user should have a margin requirement, I think that is a credit decision that should be made by the counterparty."
"I hope that today's hearing will be a useful one for my colleagues."
"the Affordable Care Act also created state-based health insurance exchanges which would allow other insurance carriers to come into states, thereby increasing competition and lowering premiums"
"As Speaker Hastert used to say, We shouldn't be forcing people to buy a Cadillac when all they need is a Chevy."
"This is about empowering people to make decisions for themselves, not assuming they need the government to protect them for themselves."
"This should be about consumer choice, not a one-size-fits-all state mandate package that may or may not address a particular individual's needs."
"Senator Toomey and Senator Crapo correctly discussed the clearing fees, the margin or, indeed, the capital fees..."
"Thank you very much, Chairman Reed, for this opportunity to welcome Dr. Chester Spatt."
