Did you catch the Ed Show yesterday on MSNBC? I was asked to come on to talk about my past experience with the health insurance sharks who are long on making a profit and short on consumer protection. I said what needs to be said about health care reform: it is irresponsible to force people to pay for insurance if we cannot control the cost of their premiums. As I explained to the Los Angeles Times in a story printed today, this is akin to forcing millions of Americans into an insurance market with sharks circling. They have sharp teeth, and they smell blood. It brings a new perspective on who the "consumers" are in health insurance. Without effective protections – most importantly a robust public option allowing competition – we will continue to allow administrative and advertising overhead to skyrocket. Otherwise, the insurance companies will be able to charge a captive audience whatever they want for insurance. More over the flip...
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