Sen. Kaine Warns Insurers Against Leaving Virginia’s Rural Communities
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In light of the uncertainty the
A transcript of Kaine's questioning of an
Kaine: "You know one of the things these four hearings have shown is that reinsurance is a really popular idea. I have a bill with
Ruiz-Moss: "Yes, that's absolutely correct."
Kaine: "So in the group market
Ruiz-Moss: "Correct."
Kaine: "And I don't think it's unfair for
"But I want to turn it around and give you a message about an action we're likely to take.
"So just as you've communicated to us a desire for stability, which is fair, I just want to communicate to all insurance companies: there is no way, none, that
"The bare insurance -- county phenomenon is going to create incredible pressure for us to provide a solution so the people can have health insurance. And at the end of the day that solution I think is going to be one that is going to work. Directly contrary, you know you're worried about you know profitability and stability, as you should be, you're a company, you need to worry about that. But, if you're thinking about that in the short term and you're missing the long term, we can't have bare counties. I'm not going to tolerate one. I'm going to find a solution for the one, and if we can't find a solution through private insurance, we're going to find the solution. So just as you're communicating to us that we owe you stability, and we do, I want to communicate to private insurance companies that we're not going to tolerate bare counties and we will provide an option, and it will be an option that will be very, very challenging to the insurance industry as we know it. So with that,
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HD Video: https://youtu.be/sNv2W_8bYno?t=46s
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