On the recordJanuary 6, 2011
I thank the distinguished Congresswoman from Maryland for her comments, and I'm actually kind of glad that Congressman King brought up these major benefits which are now helping families across this country. Ms. Edwards talked about the benefit of adding your son or daughter under 26 to your policy, and Mr. King basically pooh-poohed that--I don't know if that's exactly a good legislative term, but kind of ridiculed that. And then he talked about lifetime limits and how lifetime limits were not necessarily something that we should worry about in spite of the fact that almost a million Americans a year, historically, over the last few years, have gone bankrupt because they either had no insurance or their insurance was inadequate and they lost everything they had because of health care costs, because of a cancer diagnosis or serious accident. These are real-life stories. These are not abstractions. And I understand that we have many colleagues on the other side of the aisle who believe, with almost a religious zeal, in certain things like the perfection of the marketplace, in spite of the fact that we've seen time after time after time in this country, not too long ago with the financial system, how our markets often fail, how we have created or allowed to be created enormous sources of power and concentrations of economic power in this country that have basically distorted the marketplaces, and that is very, very true in the area of health insurance.…





