Uncategorized

Obama gives shout-out to NC Department of Insurance

In his appearance on the Daily Show with Jon Stewart, President Obama and Stewart had a lengthy exchange about health reform.

Stewart argued that there was no mechanism in the legislation to check the rise in insurance premiums. Obama countered that North Carolina’s insurance commissioner negotiated a rebate for consumers.

This is from the transcript:

Stewart: — a deal was made with them — $80 billion over 10 years — okay, that seems like a quid pro quo that seemed reasonable, but there’s other things with the insurance companies. You know, I was talking with a woman in the audience before the show [audience cheers] but she brought up an interesting point: you know, 2014 is when these exchanges kick in and there will be some kind of price controls, but up until that point there’s really nothing in this bill that doesn’t allow these insurance companies to raise rates.

Obama: Not true! In fact, what we have done is we have empowered state insurance commissioners to review the rate hikes that are taking place in states — in some states, like North Carolina, they’ve already used it and rolled back premium increases by 25%.

Stewart: Doesn’t that only trip, though, on egregious raises, like 30%? Don’t they, you know, if you raise it 30%, so they raise it 29%?

Obama: If the point, Jon, is that overnight we did not transform the healthcare system, that point is true.

Stewart: [laughs] When you put it that way, it seems so petty!

Kudos to Wayne Goodwin and his crew. And let’s not forget that Blue Cross deserves some credit for agreeing to the rebate.

6 Comments


  1. […] Obama's 'Daily Show' interview snags huge ratingsEntertainment WeeklyThe Progressive Pulse -New York Post -The Takeawayall 2,430 news […]

  2. […] This post was mentioned on Twitter by Insurance Success, ngkoonsiew. ngkoonsiew said: Obama gives shout-out to NC Department of Insurance – The Progressive Pulse http://goo.gl/fb/nnixw […]

  3. […] Interview With President Obama is Third Most-Watched EverTVbytheNumbersPhilly2Philly.com -The Progressive Pulse -New York Postall 2,610 news […]

  4. […] Visit To Jon Stewart's Daily Show: An Act of Desperation For…Philly2Philly.comThe Progressive Pulse -New York Post -Entertainment Weeklyall 2,749 news […]

  5. […] York MagazineWhat Would You Ask President Obama?New York Times (blog)Philly2Philly.com -The Progressive Pulse -Entertainment Weeklyall 2,740 news […]

  6. Cathy

    November 1, 2010 at 8:17 pm

    NC may have gotten a promise from the insurance industry to “ROLL BACK PREMIUM INCREASES by 25%, but
    Blue Cross Blue Shield jacked up my premiums by $17.00 per month… $204.00 annually. I wonder if anyone at the NC Department of Insurance is really watching the players? It’s time to blow the whistle and yell FOUL !!

Check Also

Context is key for understanding Insurance Commissioner’s Affordable Care Act comments

Many people were surprised to see a story ...

Top Stories from NCPW

  • News
  • Commentary

When the N.C. Senate elected Tom Fetzer to the UNC Board of Governors in March, it was widely seen a [...]

The 12 minutes spent on the phone with Duke Energy customer service shed no light on how — or if — c [...]

Crumbling ceilings. Failing air conditioning and heating systems. Broken down school buses. Mold inf [...]

This story has been updated with comments from Jim Womack, who did not respond earlier to questions. [...]

Last week, the General Assembly announced which legislators will serve on the Joint Legislative Task [...]

The latest effort in Washington to repeal and not actually replace the Affordable Care Act has a dif [...]

Conservative group “reviewing” bigoted attacks; funding from major NC corporations implicated Nearly [...]

5---number of days since Senators Bill Cassidy and Lindsey Graham unveiled a new proposal to repeal [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more