Jack Reed actually said...

"Well, frankly, we're having a discussion about firms that go to the Street and say, 'Our strategy is, we're going to deny claims and raise premiums above medical inflation.'"

"So, there's no distinction between a for-profit insurance company and a not-for-profit insurance company in the way they operate."

"It can be an informative tool for policymakers, like yourself and State legislatures, to understand what is happening in the health insurance marketplace."

"I think, going forward, we have to be careful not only about reviewing the ratings, but we also have to be very careful about having a consistent set of reports between regulators and financial statem..."