February 27, 2007
I'm sooo copying and pasting JC on this one...
Of course, by 'JC' I mean the Houston Bay Area's own John Coby.
Who did you think I was going to quote?
From a Rick Perry press release on insurance:"If the industry hasn't figured this out, listen up," Perry said. "Texans are fed up and I will sign legislation that prevents a handful of companies from bringing the state to its knees. I am offering solutions that put Texans first. I call on the industry to do the same."
Perry continues:
Perry called for stiff regulation of the insurance industry in light of soaring insurance rates that have socked some Texans with 200 percent premium increases.
And Perry add even more:
"As a Republican, I generally support deregulation as a means to lower cost and improve services for consumers," Perry said. "But like former President Teddy Roosevelt, I disdain unfair market practices where one, or a handful of companies, use their power to manipulate the market."
Unfortunately, this load of crap by Rick Perry was said in a May 2002 press release. Contrary to what Perry promised in 2002, insurance rates have skyrocketed by over 200%. Texas now has the highest rates in the nation and with less coverage.
And yet he was re-elected in 2006 with 39% of the vote. Texans deserves Rick Perry and every rate increase they get.
Tort reform hasn't done the job (there will be another post about that soon).
Posted by mcblogger at February 27, 2007 09:09 AM
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