Prime America Life Insurance

Speech to Blue Shield of bCalifornia/b Employees | Tom McClintock for b.../b

In fact, when House Democratic leaders accused the companies of lying and threatened them with subpoenas, the CEO’s explained that the Securities and Exchange Commission requires them to make truthful and accurate financial estimates under severe legal penalties – unlike Congress – and that they welcomed the opportunity to discuss their actuarial analyses in a national forum.  The Congressional leaders quickly and quietly dropped their plans for a public hearing on the matter. At the time, many of us warned that socialized healthcare systems produce exactingly consistent results: massive cost overruns followed by a brutal rationing of care.  Within months, the President appointed Donald Berwick as the new head of the Center for Medicare and Medicaid Services, by virtue of a recess appointment that bypasses Senate confirmation.  Berwick is one of the world’s outspoken advocates of the government rationing of health care. None of these developments should surprise any us.  They were all clearly and loudly forewarned by the opponents of ObamaCare at the time – and utterly ignored by the majority of Congress and the Administration.  House Democratic leaders like Barney Frank candidly admitted that Obamacare was “the best way to reach single-payer,” that is, a full government monopoly on healthcare.  In other words, the willful purpose of this act is ultimately to destroy the private health insurance market. Nor is this brave new doctrine limited to health care.  Once the precedent is firmly established that government may order individuals to make purchases in the marketplace, what limitation remains on its power to order any other of our decisions as consumers?  As Congressman Scott Garrett pointed out, what is to stop the government in the next recession from ordering every American to buy a car from “Government Motors” because “that would be good for the economy.” I believe that in the opening days of the 112th...

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California's Low Cost Automobile Insurance Program

California Law requires that all drivers be insured. However, too many low-income drivers remain uninsured because the costs of standard insurance ...