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Thread: Health insurers report slams Baucus bill

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    Health insurers report slams Baucus bill

    Health insurers report slams Baucus bill - UPI.com

    Published: Oct. 12, 2009 at 12:19 PM

    WASHINGTON, Oct. 12 (UPI) -- The day before a U.S. Senate panel votes on healthcare reform, an insurance industry report said a family premium in 2019 could cost $4,000 more than thought.

    ...

    The analysis showed the current cost of the average family coverage of about $12,300 could increase to approximately $21,900 in 2019 under current law and to $25,900 if the reforms were implemented.

    This analysis shows that the cost of the average single coverage is $4,600 today and could to increase to $8,200 in 2019 under current law and to $9,700 under the proposal.
    First, I would like to say that the article's headline is slightly misleading. Yes, the health insurance industry paid for this report but the report itself was produced by PricewaterhouseCoopers, one of the most prestigious accounting firms in the entire world. The report can be found here:

    Healthcare policy in an Obama administration: Delivering on the promise of universal coverage: PricewaterhouseCoopers US

    If you plan on attacking the credibility of this report I would ask that you actually address the methodology of PwC instead dismissing it as industry propaganda.

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    Re: Health insurers report slams Baucus bill

    Baucus represents a state that has less people than some cities. He is not a fair representation of American interests.

    I hate the senate.
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    Re: Health insurers report slams Baucus bill

    ... and shoot themselves in the foot by making a solid case for the need for a public option. They basically promise to screw us with unending, spiralling out of control, premium hikes.

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    Re: Health insurers report slams Baucus bill

    Quote Originally Posted by jackalope View Post
    They basically promise to screw us with unending, spiralling out of control, premium hikes.
    Well, that's probably what you'll get if Baucus's bill becomes law.

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    Re: Health insurers report slams Baucus bill

    Quote Originally Posted by Ethereal View Post
    Well, that's probably what you'll get if Baucus's bill becomes law.
    I don't think Baucus bill (as it is now, in committee) will become law.

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    Re: Health insurers report slams Baucus bill

    Quote Originally Posted by Ethereal View Post
    Well, that's probably what you'll get if Baucus's bill becomes law.
    Any bill, whether it be Republican or Democrat, is going to end up screwing us.
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

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    Re: Health insurers report slams Baucus bill

    Quote Originally Posted by jackalope View Post
    I don't think Baucus bill (as it is now, in committee) will become law.
    I certainly hope not.

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    Re: Health insurers report slams Baucus bill

    Im not surprised, got to wonder how this one will be spun.
    Jackboots always come in matched pairs, a left boot and a right boot.

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    Re: Health insurers report slams Baucus bill

    PriceWaterhouseCoopers Backs Away From AHIP

    PriceWaterhouseCoopers spends most of its time as a fairly respected consultancy operation. It's entrusted with the audits for ExxonMobile, Ford, IBM, Walt Disney, CBS and many others. It also has a division where outside groups can pay a handsome sum to commission reports on a topic of their choice. It's a neat arrangement: The outside groups know the results they want and the variables and constraints that will ensure that answer. But they don't have the legitimacy to release that report on their own. So they pay a consultancy -- like PWC -- to launder the analysis through their credibility. The consultancy gets a paycheck, the outside group gets a press release, and everyone goes home happy. In Washington, it's a tried-and-true tactic.

    But PWC was clearly unprepared for the firestorm that erupted over yesterday's report. And they have their own credibility to protect. Last night, spokesman David Neston sent out an unexpected press release backing away from the analysis, and blaming AHIP for its deficiencies. It reads:

    more ...

    Ezra Klein - PriceWaterhouseCoopers Backs Away From AHIP

    That's funny .... the report was a hatchet job, and all it did was make a case for a public option. It didn't help the AHIP lobby at all.

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    Re: Health insurers report slams Baucus bill

    Here is a statement from PWC themselves on page one of the report.


    "The reform packages under consideration have other provisions that we have not included in this analysis. We have not estimated the impact of the new subsidies on the net insurance cost to households. Also, if other provisions in health care reform are successful in lowering costs over the long term, those improvements would offset some of the impacts we have estimated."


    http://www.tnr.com/sites/default/fil...0-%20Final.pdf
    A report bought and paid for by the health insurance industry (America's Health Insurance Plans (AHIP)), which is all fine and dandy, as long as it's recognized as such.

    PWC didn't do a complete comprehensive study of the bill, it picked and choose what information to use, what information to ignore and how to use that information, or lack of, to give it's employer what it wanted to hear.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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