If I can reclaim and explain to the gentleman. The premiums under the current law cannot be raised during the middle of the year so that there, first, is no danger that existing beneficiaries under these plans would have their premiums raised until the end of their policy year; and, second, there would be no restrictions on their being able to maintain their policies. It is just that the salesmen, admittedly, and it may hurt the insurance salesmen because they earn their living doing this. I would just suggest that it is risky business dealing with the fragile elderly who are easily confused, and I say that Democrat elderly are as confused as Republican elderly. We ought to be able to protect them through the process.
Pete Stark: “If I can reclaim and explain to the gentleman. The premiums under the current law cannot be raised during the middle of…”
On the recordApril 6, 1995
Source
govinfo.govEditor's note · Context
Discussing protections for elderly beneficiaries in insurance policy changes.
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