Thursday, October 15, 2009

The insurance companies may be evil, but are they right?

Posted by: Scott Graulich

On the eve of the vote on the Senate Finance Committee's health care reform bill, the insurance industry released a report saying that it would increase premiums.

The report, and the reaction to it, reveals a great deal – about health care reform and the state of political discussion in the United States.

The analysis was done by PricewaterhouseCoopers for America's Health Insurance plans, a trade group. It looked at the effect of several provisions of the Senate Finance bill on premiums. Two are of particular note: requiring insurance companies to cover everyone without any medical underwriting, coupled with a weak mandate that all individuals purchase insurance; and the 40 percent tax on high-value plans.

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