News of the Day ... In Perspective7/27/2005
Health Care Choice Act approved by House Committee
The House Energy and Commerce Committee has approved a bill proposed by Rep. John Shadegg (R-AZ) that could dramatically lower the number of uninsured. The bill (H.R. 2355) would permit customers to buy medical insurance regulated by any one of the 50 states.
This means that persons who live in states such as New York and New Jersey could once again afford to buy individual insurance. Expensive mandates, guaranteed issue, community rating, and very low maximum deductibles have driven costs so high that millions of people are exposed to the risk of financial ruin because they are not allowed to buy catastrophic insurance priced according to their level of risk (“Cheaper Health Insurance,” Wall St J 7/25/05).
Read the bill: Download PDF Version of Bill
Hearing webcast, including testimony by David Gratzer of the Manhattan Institute and Robert de Posada of The Latino Coalition