It appears that the Baucus health care reform bill wants the National Assn. of Insurance Commissioners to be the overseer in crafting the rules governing "health insurance rating, issuance and marketing requirements" that would become "the new federal minimum standard without any further congressional action." The NAIC sees nothing wrong with this approach, despite the fact that many former members of the group have left it to take lucrative jobs in the insurance industry!
Sandy Praeger, according to the article, likened the movement from NAIC to said lucrative jobs, stating: "I kind of look at it as seeding the industry with good regulators."
Reminds me of Bush and his comment that in his line of work, "you got to keep repeating things over and over and over again for the truth to sink in ... to kind of catapult the propaganda."
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