A midlands TD made the comments as the party's own bill on the matter was raised in the Dáil today.
Sinn Féin says the government's approach to insurance reform is an insult to people's intelligence.
Longford/Westmeath TD Sorca Clarke made the comments in the Dáil as their own bill to combat rising premiums came under attack from Junior Finance Minister, Laois-Offaly TD Sean Fleming.
Fianna Fáil say there isn't a single sentence in the opposition proposal that would reduce costs for customers.
But the Sinn Féin deputy disagrees: