Here is the actual report entitled: “Potential Impact on Health Reform on the Cost of Private Health Insurance Coverage”. You can read it at http://media.washingtonpost.com/wp-srv/politics/documents/pwc_report_on_Costs_final_101109.pdf?hpid=topnews
The Key Findings of the report are:
- 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:
o Insurance market reforms coupled with a weak coverage requirement,
o A new tax on high-cost health care plans,
o Cost-shifting as a result of cuts to Medicare, and
o New taxes on several health care sectors.
- 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:
o 26 percent between 2009 and 2013 under the current system and by 40 percent during this same period if these four provisions are implemented.
o 50 percent between 2009 and 2016 under the current system and by 73 percent during this same period if these four provisions are implemented.
o 79 percent between 2009 and 2019 under the current system and by 111 percent during this same period if these four provisions are implemented.
My comments about the White House reaction to this report are:
Each day I am more amazed at the hubris and lack of any shred of integrity of this administration. Remember Obama had an unprecedented meeting with the head of the CBO after the numbers about healthcare reform or as it is now known – health insurance reform were released? Shortly after this meeting, the CBO’s numbers became more favorable to the White House way.
This administration seems to ask how dare the insurance industry commission its own audit. Why not! Isn’t this same administration calling for businesses to leave the stalwart Chamber of Commerce? How dare the Obama Administration? How dare they impugn a trusted company like PricewaterhouseCoopers by deeming and dismissing them as an auditor for tax shelters? How dare they continue to act as if the American public is stupid? How dare they?
They dare because each and every day, as they walk into their offices, they smile with the smug knowledge of knowing they are in that office. They pulled the wool over America’s eyes by their own election. And each day as they continue unchecked, they thumb their collective noses at us. This administration is more dangerous to our peace, safety and body of laws than any other previous threat.
What are you doing to have your voice heard? What will it take to get you to speak up?
I implore you to be well-informed and let your voice be heard. If you believe your government, on any level, is not acting on your behalf or in your best interest, get involved! Tell these elected officials – “YOU’RE OUT”. We have 386 days to FLIP THE HOUSES of CONGRESS! Start working today!
Filed under: Barack Obama, Economy, Health Care | Tagged: Audit, CBO, Chamber of Commerce, CONGRESS, health, health insurance, healthcare, Obama, Obama Administration, Potential Impact of Health Reform on the Cost of Privat, PricewaterhouseCoopers, PWC, reform, Senate Finance Committee |