SMALL BUSINESS TAX RELIEF ACT OF 2007--Continued
I ask the Senator to modify his request to allow me to bring up my amendment No. 2755 and allow me 10 minutes to speak. I will speak afterwards. Mr. President, I ask unanimous consent that the pending amendment be set aside, and amendment…
I ask the Senator to modify his request to allow me to bring up my amendment No. 2755 and allow me 10 minutes to speak.
I will speak afterwards.
Mr. President, I ask unanimous consent that the pending amendment be set aside, and amendment No. 2577 be called up for immediate consideration.
Mr. President, I ask unanimous consent that the reading of the amendment be dispensed with.
Mr. President, one of the best ways we can help millions of American children access quality health coverage is to lower the cost of insurance for their families. Two-thirds of the uninsured have income at or below 200 percent of the Federal poverty level, and they cite a lack of affordability as a top reason for why they do not have coverage.
Our Tax Code already discriminates against Americans whose employers do not offer health benefits. I applaud a number of my colleagues, Senator Wyden, Senator Burr, and many others, who have talked on the floor extensively about how we can equalize the Tax Code and make health insurance available to everyone.
Another driver of rising health insurance prices is excessive State regulation. These State mandates raise the cost of insurance, which, in turn, increases the number of Americans who are priced out of the health insurance market.
Current law traps Americans by only allowing them to buy health insurance in the State where they live. This is not fair, and it makes very little sense in a time when we are trying to lower the cost of health insurance. My amendment, which we call the Health Care Choice Act, will help millions of American children by allowing their parents to shop for health insurance the same way they shop for many other products: online, by mail, over the phone or in consultation with an insurance agent in their hometown.
This amendment will empower consumers by giving them the ability to purchase an affordable health insurance policy with a full range of options. This amendment would reform the individual health insurance market by allowing individuals and families who reside in one State to buy a more affordable health insurance plan that is offered and licensed in another State. That is an important point.
We are not talking about insurance that is not licensed. Every State has regulatory processes, and insurance products would have to be sold under one of those regulatory regimes in one of our 50 States. Health insurance plans would be able to sell their policies to individuals and families in every State, as other companies do in the sale of a wide variety of goods and services in other sectors of our economy.
Under this amendment, consumers would no longer be limited to picking only those policies that meet their States' regulations and mandated benefits. Instead, they could examine the wide array of insurance policies qualified in States across the country.
Consumers could finally choose the policy that best suited their needs and
their budget without being tripped up by State boundaries. This approach would provide more choices and more freedom to all Americans. If they want to purchase a basic, low-cost policy without hundreds of benefit mandates that they do not need, they will be allowed to do it.
Likewise, those Americans who are interested in a particular benefit would be allowed to do that as well. The Health Care Choice amendment will help the uninsured find affordable health insurance while also providing every American with better insurance choices. This amendment harnesses the power of the marketplace to allow Americans to tailor their insurance choices to their individual needs. That is something we should all be able to support.
According to the Heritage Foundation, a nonpartisan think tank, this amendment will broaden and intensify competition across health care plans and medical providers, encourage a serious review of existing health care regulations in every State, and expand the choice of millions of Americans of more affordable health insurance policies.
Yes, I will yield.
You can't. Your State limits you. The way we have this set up federally, there is really no national market for health insurance.
I wish I knew. I think many years ago we didn't have a good regulatory structure for insurance. It was provided to the States. But clearly health insurance is an interstate commerce issue.
People move all over the place. Companies have offices all over the place. For us to continue to limit the purchase of health insurance to the State one lives in makes no sense.
I appreciate the question. I appreciate the support of the Senator.
In New Jersey, the average cost for a single person to buy health insurance is over $4,000 a year. Right across the river in Pennsylvania, the average is less than $1,500 a year. This amendment will give consumers the option of buying the health insurance that meets their needs and is right for them, even if it is right across the border. This amendment will result in significant cost savings.
A recent study found that consumers would save an estimated 77 percent in New Jersey, 22 percent in Washington, 21 percent in Oregon, and 16 percent in Maryland, if those States eliminated some of their mandates.
There will also be cost savings from cutting redtape because insurance plans won't have to go through 50 different certification processes.
By mandating benefits, State legislators have swelled the number of Americans without health insurance, making each health policy's coverage very different. They have added things such as acupuncture and marriage therapists and in vitro fertilization, things that may be important to some people but not to everyone. They should not be mandated to everyone.
Finally, this amendment is widely supported by Americans across the political spectrum. A poll conducted by Zogby International in September of 2004 found that 72 percent of respondents support allowing an individual in one State to buy health insurance from another State, if the insurance is State regulated and approved, as it would be under this amendment. The poll showed that only 12 percent of Democrats opposed it.
People understand intuitively that it doesn't matter. As the Senator from Mississippi just said, it doesn't make sense that we limit people to buying health insurance in only one State.
I encourage my colleagues to support the amendment, and I ask for the yeas and nays.
Will the Senator yield for a question?
Are there particular States that you think the regulations are unacceptable for the people who live there?
My amendment does not change any of the State regulations. States continue to control their own regulations. It would allow the residents of the State, if they did not feel that the mandates were appropriate for their family needs, to look at another State for a policy where it was also regulated.
I believe we have had a second on a rollcall vote.
Parliamentary inquiry: I believe we had a second on the rollcall vote.
Mr. President, I object.
Mr. President, I object.
Mr. President, as I have talked about this amendment today, I have been surprised that several colleagues were not aware that Americans are not allowed to buy health insurance, except in the State where they live. Americans can buy anything from all over our country. Yet they are limited to where they can buy health insurance.
One way we can lower the cost of health insurance and create more choices for all Americans is to allow each and every American the opportunity to buy a health insurance policy in any State where those policies are certified. Some will say this is a race to the bottom. But I ask those critics, which State does not have the regulations that you approve of? Every State legislature has a set of regulations they have approved. So these products would be safe, but they create more choice.
I encourage my colleagues to support this amendment that would allow Americans to buy health insurance all over the country, to help create a national market and make health insurance more affordable for every American.
Will the Senator yield?
We don't change any of the State regulations. We only allow the people not to be regulated anymore. They get to buy insurance wherever they want to buy it. But regulations in the States don't change.
Mr. President, I ask for the yeas and nays.