A picture of Representative Lee Terry
Lee T.
Former Republican NE 2
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    Exchange Information Disclosure Act

    by Former Representative Lee Terry

    Posted on 2014-01-16

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    Read More about Exchange Information Disclosure Act

    TERRY. Mr. Speaker, to clarify one thing, we did have a legislative hearing on this bill with robust debate on it in that committee hearing. Evidently, you didn't get the notice of that hearing.

    Mr. BUTTERFIELD. Will the gentleman yield? Mr. TERRY. No, I only have 3 minutes. If I have extra time, I will.

    Today we are taking what should be an easy vote and, frankly, a bipartisan vote.

    My legislation, the Exchange Information Disclosure Act, does nothing more than ask the administration to provide Congress, Governors, State insurance commissioners, and the American people with information.

    By the way, the information that is outlined in this bill to be provided or accessible on a weekly basis is simply what most States already require to be done by health insurance companies within their States. This is a request by State insurance commissioners, especially ours from Nebraska that are very frustrated with the lack of information that they are receiving about who is signing up for what plans in the State of Nebraska.

    This should be easy. What we are talking about here today is basic transparency so we all have the data to assess what is working and what is not. This bill is a mechanism for accountability so we can get the answers that both Democrats and Republicans and State insurance commissioners and Governors need to know in order to understand what is working and what is not.

    We are asking for information that an entity overseeing a health insurance operation should have at the tip of their fingers at all times.

    {time} 1030 Our metrics are not complex. We are simply asking for: How many people have enrolled? How many of these people have paid their first month's premiums, which means they are actually insured, that they have been effectuated? What plans did they pick? What ZIP Codes are they from so we know if people from Nebraska or Iowa or Kansas have signed up? Were they already eligible for Medicare or are these new enrollees from the expansion? These are critical issues in determining the safety and soundness of the policies being issued, and is, again, information that State insurance commissioners usually receive.

    This administration and some on the other side say that this information that we are requesting is extraneous and costly and burdensome, but yet this data is already being obtained; it is already on a realtime basis being calculated. It is just the issue of when and in what form this is released to the public. As to cost, here is the CBO score--zero--not the millions that we are being told by our friends on the other side of the aisle and the White House. This is necessary, usual course of business data.

    The SPEAKER pro tempore. The time of the gentleman has expired.

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