Monday, October 12, 2009

Posted by Lindsey Connell

The US health insurance industry has launched a last-minute attack on Democratic healthcare reform efforts, releasing a report late yesterday predicting that insurance premiums will rise sharply if a chief proposal becomes law.

The report by accountancy PriceWaterHouseCoopers was paid for by America's Health Insurance Plans, a trade group that until now has reluctantly cooperated with president Barack Obama and the Democrats' effort to overhaul the US Healthcare system.

The trade group had been working behind the scenes to help shape legislation, and Democrats blasted the timing and authorship of the report. The report was released just two days before the Senate finance committee is set to vote on a 10-year, $829bn bill that is seen as the most likely to win congressional approval. The trade group that funded it was instrumental in sinking president Bill Clinton's healthcare reform effort in the 1990s.

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