Archive for the ‘Nancy Pelosi’ tag
More Bad News for Those Who Like Their Current Coverage
When House Speaker Nancy Pelosi (D-CA) said Americans would have to wait until Congress passed Obamacare to find out what was in it, she wasnt kidding. Since the passage of the Patient Protection and Affordable Car Act nearly six months ago, Americans have been faced daily reality checks from the health care overhaul, and none of them have been good.
In fact, those Americans who own health insurance policies from smaller insurers are already feeling the pinch from Obamacare. Smaller health insurers may face additional obstacles to stay in business in light of the new laws mandates, with some predicting Obamacare will drive them out of the insurance market altogether. Not only does this mean that Americans who are currently happy with their insurance coverage will see changes they dont like, but it signals even more choice restriction among health plans.
One of the contributing factors for this fallout is the new requirement that insurers meet federally determined medical loss ratios. The ratios require insurers to spend a certain percentage of income from premiums on medical expenditures, rather than administrative costs, taxes or profits.
In Texas, National Health Insurance Co. has decided to discontinue two of its health plans, citing Obamacare as the reason. The Dallas Morning News [2] chronicles the story of two Texans, Al and Jill Alcantara, both 63, who will lose their current policy because the insurance company says “it could no longer offer individual accident and health insurance policies. While experts say not enough smaller insurers have left the market yet to point to a trend, the Morning News article notes that several health economists expect smaller insurers to be unable to make it under the new law.
Other Americans will likely face the same ordeal as the Alcantaras. The real irony is that the couple has [2] “been pleased with their high-deductible policy, which is tailored to cover Als Type 2 diabetes [3] and gives them access to all the doctors they want,. Obamacare will be responsible for the couples loss of private coverage, causing them to instead end up in taxpayer-subsidized, high-risk pools intended for those with pre-existing conditions who couldnt get coverage on their own.
(Originally posted by Kathryn Nix at blog.heritage.org)
Letter to Lead Director Delmonte
Thank you for contacting Del Monte Foods
The information as it applies to Del Monte Foods is incorrect.
Del Monte has not contributed to Speaker Pelosi. Because Del Monte Foods does not operate a Political Action Committee (a requirement for federal election donations), the Company has not made a direct political contribution to any elected official or candidate for office
We do not know who has been spreading this anonymous rumor or why.
We have, wherever possible, communicated with internet sites and publications who have posted this erroneous information in order to help set the record straight.
James Potter
SVP, Corporate Secretary
Del Monte Foods
I have pulled all the supports of Pelosi for the FEC. I am quit surprised the responded, but it would appear the rumors are incorrect.
Earmarks include an economic development credit for American Samoa, tax exemptions for makers of wooden bows and arrows for children, funding for wool research, and amendments to the Internal Revenue Code provisions relating to the tax deduction for domestic film and television productions. These were written into the bill before it was presented to the house in March of 2008.
Sent to Delmonte:Am I to understand that you are a major supporter of Nancy Pelosi? Well after today I will not support you. I will inform everyone I know and put that information on my 7 blogs and 85 websites. You understand that due to the economic down turn I must use my money wisely. Supporting someone like Nancy Pelosi is not a wise use of my money and in turn not a wise use of purchasing your goods.
Now if the above is in error please feel free to correct the record, but be aware your response will be made public
Thank you for your time.
On October 3, 2008 the San Francisco Chronicle reported. “While crafting a bill intended to rescue the U.S. economy this week, lawmakers couldn’t stop themselves from adding billions of dollars in tax breaks that have little to do with restoring confidence in financial markets.”
An eRumor questioning the relationship between the American Samoa earmark and Speaker of the house, Nancy Pelosi, gained momentum the week of October 20, 2008 over past criticism of a minimum wage hike in 2007 that omitted American Samoa.
On January 12, 2007 the Washington Times wrote an article about Pelosi and the minimum wage law saying,” House Republicans yesterday declared ‘something fishy’ about the major tuna company in House Speaker Nancy Pelosi’s San Francisco district being exempted from the minimum-wage increase that Democrats approved this week.”
The 2007 bill raised the minimum wage from $5.15 to $7.25 per hour and extended for the first time the U.S. territory of the Northern Mariana Islands but exempted American Samoa. Starkist, a division of Del Monte Foods, has facilities in American Samoa with an employee base of about 5,000, roughly 75% of the work force on that island. The company is headquartered in Nancy Pelosi’s district was and was very much against the raise in wages. A spokesperson for the Speaker of the House said that neither StarKist nor Del Monte had lobbied Pelosi in any way.
Facts about Pelosi’s husbands Starkist/Del Monte stock investments have not been listed in her earnings disclosure.
According to the Center for Responsive Politics, neither Starkist nor Del Monte were found on the contributor list for Pelosi in donations amounting $10,000 or more.
The Bill was passed in the House Mar 5, 2008, passed by the Senate Oct 1, 2008 and signed by President Oct 3, 2008.
Click here to see the 2008 Economic Stabilization Bill HR 1424
Click for SF Chronicle article
In late September and early October of 2008, after a financial crisis in the home lending industry the United States Senate met and passed HR 1424, the 2008 Economic Stabilization Bill to bail out the industry at a cost of $700,000,000,000. When news of the bill was released it was found to have several controversial earmarks.
