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Pelosi, Senior Democrats' Remarks at News Conference on Repealing Health Insurance Industry Anti-Trust Exemption
Date:2/23/2010

I think you have probably seen recently the enormous profits of the insurance industry, and we think the time has come to end insurance companies with enormous profits, CEOs of insurance companies with enormous salaries telling America's families that they have to pay more for their insurance. Over the past decade, insurance rates have doubled, more than doubled, 100, what is it? 151 percent and that is again, as you saw in California, just the beginning.

So as we have said about our legislation, it is about affordability for the middle class; it is about accessibility of many more people to health care and affordability is central to that; and it is about accountability of the insurance companies. If we have the AAA rating for our insurance policies as we go forward, our insurance public policies as we go forward, then we will improve quality of care, lower cost, and make health care more available to many more people.

It is now my pleasure to yield to a leader on this issue in the Congress, a champion for affordability for the middle class, for whom this issue is central, our distinguished Majority Leader Steny Hoyer.

Majority Leader Hoyer. Thank you very much, Madam Speaker. I thank the
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SOURCE Office of the Speaker of the House
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