Synopses & Reviews
Synopsis
Excerpt from Health Insurance Industry Practices: Hearings Before the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce, House of Representatives, One Hundred Third Congress, Second Session, June 29 and August 3, 1994
Today the subcommittee will hold the first in an interesting se ries of hearings into the health insurance industry. During the course of this inquiry, the subcommittee will examine what role the multi-billion dollar industry plays in runaway health care costs, in access to health care, and in the quality of that care. This review is going to be thorough, and it is going to be exhaustive, and it will include the financial practices throughout the industry, who the players are, and how they, and their organizational structures and interrelationships are changing.
The subcommittee will assess these matters in depth, and we in tend to determine why the existing regulatory systems have let the insurance company bureaucrats have life or death power over too many ordinary citizens. Health care is too important to leave in the hands of powerful and unaccountable insurance companies.
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