Monday, October 12, 2009

Used to be, extortion was illegal!

Potential Impact of Health Reform on the Cost of Private Health Insurance Coverage
Key Findings
Health reform could have a significant impact on the cost of private health insurance coverage.

There are four provisions included in the Senate Finance Committee proposal that could increase private health insurance premiums above the levels projected under current law

The overall impact of these provisions will be to increase the cost of private insurance coverage for individuals, families, and businesses above what these costs would be in the absence of reform.

On average, the cost of private health insurance coverage will increase
[This document has been prepared pursuant to an engagement between PricewaterhouseCoopers LLP and its Client.]
Oh, yeah: PWC's client = America's Health Insurance Plans.
["America’s Health Insurance Plans (AHIP) is the national association representing nearly 1,300 member companies providing health insurance coverage to more than 200 million Americans. ... AHIP provides a unified voice for the community of health insurance plans." About AHIP]

Gee, what a surprise PWC found health reform would be a bad thing for We the People: the insurance industry paid for the study!!!

... and EVERY SINGLE KEY POINT listed in the executive summary drives home the point: if health reform passes, rates'll go up.
(We promise!)
[Note: these are the ONLY key points in the executive summary. I didn't even have to misleadingly pick & choose!]

This used to be called extortion.

p.s. PriceWaterhouseCoopers LLP is one of the big accounting firms... and, not meaning to cast aspersions or anything, but just a gentle reminder: big accounting firms have proven themselves to be whores. (see, e.g., Arthur A. Andersen LLP - Enron; KPMG LLP - Waste Management. "LLP" might as well stand for "Little Lying Pussies".)

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