i thank the gentleman for yielding time . 
mr. speaker , let us understand something fundamental here . 
people do not just want the appearance of health insurance . 
they want a program that they can trust and that will pay when they incur the claim , and that is the critical problem with the bill being put before us . 
there are no meaningful consumer safeguards . 
this can manifest itself in three critical ways . 
first , as to content . 
we all know about insurance loopholes , the fine print that says , oh , we will pay your claim unless you file a claim , in which case we wo n't pay the claim . 
this kind of malarkey has been with us ever since insurance first came in the marketplace . 
insurance commissioners make certain that the policy does what it purports to do , no fine print taking away the meaningful coverage . 
this bill takes away that insurance commissioner protection provided to the consumers . 
the second protection , rating . 
do you know that in our states , there was a company that tried to sell a policy that actually raised the premium whenever you went to see a doctor ? 
you thought you had good health care coverage , you went to see a doctor , your premium went up until it quickly became unaffordable . 
that is no insurance coverage . 
there is not the kind of protection on this kind of terrible rating scheme in this plan . 
as an insurance commissioner , i have seen rating schemes . 
do not think for a second there are not people that will try this under this legislation . 
consumers need protection there . 
thirdly , solvency . 
if there is one part of this bill that i think just screams out , `` this is stupid , '' it is the part on solvency . 
there is a $ 2 million cap on the solvency required for an ahp , no matter how many lives you have . 
millions and millions of lives , $ 2 million maximum coverage . 
do you know that the claims incurred by two premature babies could totally bust this plan ? 
again , people want coverage that is there when they need it , not coverage that gives them the appearance of having something only to have it go bust because it did not have enough capitalization . 
this business of capping solvency stands in stark contrast to any actuarial approach and shows that this is absolute danger for our consumers . 
reject this bill . 
