By Chingyu Wang – Talk Radio News Service

House Speaker Nancy Pelosi (D-Calif.) said Tuesday that she and other Democrats in the House will try to pass the Health Insurance Industry Fair Competition Act tomorrow. The bill would remove antitrust protections for the major health insurance companies.

“This bill is about restoring competition, fairness, and choice to the health insurance industry. After 65 years, it is now time for the unfair advantage insurance companies have held over American families and small businesses to end,” said Pelosi. “We have set a better legislation. It’s about affordability for the middle class, it’s about accessibility of many more people to health care, and affordability is central to that.”

House Majority Leader Steny Hoyer (D-Md.) said he is optimistic about the bill’s chances of passing when it is brought to the House floor tomorrow.

“I’m confident it’ll pass, and I surely hope that it passes with a significant bipartisan vote,” said Hoyer.

Former insurance executive Wendell Potter viewed the legislation as a major step toward ending what he described as the profit domination of seven major companies in the health insurance field.

“In my view it’s a beginning comprehensive reform that will benefit average Americans, working individuals and families more than the big insurance companies,” said Potter.

Rep. Peter DeFazio (D-Ore.) says President Barack Obama’s position on trade policy is almost ‘indistinguishable’ from that of past presidents. DeFazio adds that infrastructure investment is being viewed as an after-thought by the current administration. (0:24)

 

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Rep. Peter DeFazio (D-Oreg.) talks about the upcoming elections and the critical issues Americans currently face with Bureau Chief Ellen Ratner. DeFazio talks about the need for reform of energy laws and the improvement of America’s technological and educational infrastructure. He criticizes the Republican energy and fiscal policy as well.

 

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People are driving like a bunch of idiots, and they’re driving a million miles an hour. That was the statement of Representative Don Young (R-AK), at the House Subcommittee Transportation and Infrastructure hearing on “Rising Diesel Fuel Costs in the Trucking Industry.” His overall sentiment was the United States can never drill the way into total independence, but we can drill our way into more stability. However, Young said, it doesn’t solve the problem. He said that all Congress was doing was sitting around and talking, while we’re misusing the fossil fuels we have left. Congress, Young said as he stabbed his finger into the air, needs to stop pandering to the general public because they’re not looking at solutions. He said he had a solution to make people change their driving habits: he’s going to promote a tax of one dollar on every gallon of gasoline. (more…)