Pelosi, Senior Democrats' Remarks at News Conference on Repealing Health Insurance Industry Anti-Trust... (Chair of the Rules Committee Slaughter f...)

Pelosi, Senior Democrats' Remarks at News Conference on Repealing Health Insurance Industry Anti-Trust Exemption

Date:2/23/2010

Chair of the Rules Committee Slaughter for her leadership on this issue, Mr. DeFazio for his strong advocacy of this legislation and Mr. Potter, we thank you for being here and for your expertise.

Republicans and Democrats throughout the last year and talking about health care have talked about the importance of competition. And they may have a different perspective about how they get there but the free market and competition. We hear our Republican friends talking about that and very frankly, we wanted to set up a greater competition as well to make sure that consumers were getting the best price which would be determined in a free market, acting in a way that free markets were unconstrained and brought prices down. When I say unconstrained, not constrained by any collusive or cooperative behavior. That's what anti-trust is all about. We believe in a free market. We believe in competition. But we know that if we do not preclude people from colluding that prices will be improperly higher than they ought to be. So we want to open competition. That's what this bill is about.

This bill is about making sure that everyone who wants to offer health insurance in America will do so in a free, open market. That will be subject as every other business is, to anti-trust provisions which say you cannot, in effect, make a deal with somebody that you take that part of the market, I'll take this part of the market, and we'll both charge this price. Because then there is not a free and open market to determine the lowest, best price for the best product.

SOURCE Office of the Speaker of the House
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