Legislators and lobbyists too often take chances with other people’s money. That’s because the real world impact of legislation is often vastly different from the bravado that punctuates debate at the State Capitol.
Not long after I was elected, I began to hear a relentless drumbeat of complaints from business-owners about the skyrocketing costs of health insurance. Years of tedious research helped me wrap my mind around the complicated web of federal and state health insurance regulations that make controlling costs so frustratingly difficult.
When I cautiously moved forward in 2003 with legislation that gave consumers more choices and forced insurance companies to compete based on relevant risk factors, like the health status and claims experience, I was careful not to make rash promises. (more…)