KeithHennessey.com

The pending bills would move more cost-benefit decisions from insurers to people chosen by the government.

Kudos to the President for his proposal to scale back the subsidy for terrorism reinsurance.  I wish he had gone all the way to eliminate this program during this term, but I’ll take the partial win. After the 9/11 attacks, parts of the market for insurance against terrorist attacks evaporated.  Insurers rely on statistical data [...]

The President spoke about health care in the cross-hall today, flanked by the heads of several major health lobbying groups (“trade associations,” in Washington vernacular): hospitals — the American Hospital Association (“AHA”); doctors — the American Medical Association (“AMA”); insurance companies — America’s Health Insurance Plans (“A-Hip”); the drug manufacturers — Pharmaceutical Research and Manufacturers [...]