Tuesday, April 27, 2010

Democrats continue to pummel Insurance Industry CEOs

Even though health reform is now the law of the land, the White House and Dems continue to use the insurance industry as their pummeling dummy, hammering away at lingering industry practices, even though they will ultimately be changed by the new law.

Here’s the latest: A set of powerful House Dems has just fired off a letter to the CEOs of some of the top insurance companies, demanding that they institute a system of independent third-party review to prevent the practice of “rescissions,” or the dropping of people’s insurance coverage. Rescissions will ultimately be illegal under the new law, but Dems are demanding the industry take these steps immediately.