Political Quotes

On the recordFebruary 25, 2010
I have to wonder with that because I see premiums like announcements, and they are going up. And this is why we're committed to doing the right type of smart government solutions to bring the costs of health care down, the premiums down. Giving a license to 12 to 13 percent additional increases, that's unacceptable to me for the American people. I have to wonder how much of what's going on in Washington and these health insurance companies as America is watching the debate here, that--you know, giving this approach that the Democratic leadership, my good friends and colleagues on the other side of the aisle are taking, how much is that driving up premiums right now because they don't know what's coming. They don't know the premiums. There is a lot of uncertainty. I mean we, not too long ago, passed a credit card bill under similar circumstances. It was going to provide all kinds of limitations and impose new conditions on really what has been kind of a free market type of process, and what I have seen, actually, as a result one of the unintended consequences, is some of those interest rates--before the new regulations kicked in, some of those interest rates went way up as an unintended consequence of government overreaching, government-run approach.
Said by
Glenn Thompson
Republican · Pennsylvania
Source
govinfo.gov
Feb 25, 2010

Editor's note · Context

The speaker addresses rising health care premiums and the impact of government regulations on costs.

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