Punishing the Health Insurance Cartel for Extortion and Fraud
Bob Cesca
The health insurance cartel tipped its hand this week, and, for that, they deserve to have it chopped off.
If there was any lingering doubt about the ethical bankruptcy of the cartel, we now have incontrovertible evidence in the form of a new report commissioned by the health insurance lobby. Among other things, the report threatens that if health care reform passes (presumably unchanged from the Finance Committee version of bill), the cartel will raise premiums by 111 percent.
What the cartel didn't mention, however, was the obvious: if health care reform doesn't pass, they'll raise premiums anyway -- and if history is any indication, premiums will rise by roughly the same amount. In fact, if nothing is done to regulate the cartel, the average family's annual payout to health insurance premiums will skyrocket from $13,000 to $24,000 by 2019.
They didn't mention that at all.
Good people.
They're not even shy about it anymore -- their naked extortion and fraud. It's that scene torn from an action-adventure movie in which the villain convinces a hostage to acquiesce to a demand, only to shoot the hostage anyway.
What makes the whole thing especially despicable is the fact that the independent research firm that was commissioned to perform the study revealed yesterday that AHIP (America's Health Insurance Plans -- the cartel's lobbyist wing) didn't provide them with all of the details of the Finance Committee bill. Consequently, PricewaterhouseCoopers only evaluated the impact of parts of the bill.
LinkHere
The health insurance cartel tipped its hand this week, and, for that, they deserve to have it chopped off.
If there was any lingering doubt about the ethical bankruptcy of the cartel, we now have incontrovertible evidence in the form of a new report commissioned by the health insurance lobby. Among other things, the report threatens that if health care reform passes (presumably unchanged from the Finance Committee version of bill), the cartel will raise premiums by 111 percent.
What the cartel didn't mention, however, was the obvious: if health care reform doesn't pass, they'll raise premiums anyway -- and if history is any indication, premiums will rise by roughly the same amount. In fact, if nothing is done to regulate the cartel, the average family's annual payout to health insurance premiums will skyrocket from $13,000 to $24,000 by 2019.
They didn't mention that at all.
Good people.
They're not even shy about it anymore -- their naked extortion and fraud. It's that scene torn from an action-adventure movie in which the villain convinces a hostage to acquiesce to a demand, only to shoot the hostage anyway.
What makes the whole thing especially despicable is the fact that the independent research firm that was commissioned to perform the study revealed yesterday that AHIP (America's Health Insurance Plans -- the cartel's lobbyist wing) didn't provide them with all of the details of the Finance Committee bill. Consequently, PricewaterhouseCoopers only evaluated the impact of parts of the bill.
LinkHere
posted by Kangaroo Brisbane Australia at 3:12 AM
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