Baucus Bill Raises A Family’s Premium By $4K

Surprised?  Did.Not.Think.So.  And this without a public option?

On the flipside, this audit did come from America’s Health Insurance Plans (AHIP) which has their own agenda.

New Bill Would Raise Rates, Says Insurance Group

After months of collaboration on President Obama’s attempt to overhaul the nation’s health-care system, the insurance industry plans to strike out against the effort on Monday with a report warning that the typical family premium in 2019 could cost $4,000 more than projected.

The critique, coming one day before a critical Senate committee vote on the legislation, sparked a sharp response from the Obama administration. It also signaled an end to the fragile detente between two central players in this year’s health-care reform drama.

Industry officials said they intend to circulate the report prepared by PricewaterhouseCoopers on Capitol Hill and promote it in new advertisements. That could complicate Democratic hopes for action on the legislation this week.

Administration officials, who spent much of the spring and summer wooing the insurers, questioned the timing and authorship of the report, which was paid for by America’s Health Insurance Plans (AHIP), an industry trade group.

The developments came as administration officials were beginning to boast of fresh momentum in the drive to remake the nation’s $2.4 trillion health sector. Senate Finance Committee Chairman Max Baucus (D-Mont.) has expressed confidence he has the votes to pass his 10-year, $829 billion legislation out of committee on Tuesday, enabling party leaders to prepare a final bill for floor debate.

“The report makes clear that several major provisions in the current legislative proposal will cause health care costs to increase far faster and higher than they would under the current system,” Karen Ignagni, AHIP’s president and chief executive, wrote to board members Sunday. “Between 2010 and 2019 the cumulative increases in the cost of a typical family policy under this reform proposal will be approximately $20,700 more than it would be under the current system.”

Stuart Varney breaks it down:

3 thoughts on “Baucus Bill Raises A Family’s Premium By $4K”

  1. Imagine that… you expect me to have a bunch more people come into my swimming pool and it not increase the cost of cleaning, chemicals, chlorine, pump maintenance, and more liability?

    Again, I ask the question… have these people even heard of the term economics?

    Earth calling mothership….

  2. The worst news is, that Seniors supplemental policies are going to more than double, several Ins for supplemental or medi-gap like providers are pulling out and or have increased their rates effective Jan 1st. by 100- 150% already.

    Plus, cap n Tax is going to double their Utilities.

    They did not get a cost of living raise for the next 2 – 3 years and their monthy Medicare costs have increased and will increase over the next 3 years.

    OBAMA’s population control is coming to your parents, your grandparents and eventually to you when you retire.

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