October 13th, 2009
04:00 PM ET
13 years ago

Pushback grows against insurance industry report

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2009/POLITICS/10/13/health.report.fallout/art.johnkerry.gi.jpg caption="Sen. John Kerry, D-Massachusetts, is a member of the Senate Finance Committee."]
WASHINGTON (CNN) - They're angry and fighting back with full force.

The White House, Democrats and health care experts are blasting a new insurance industry trade report that finds that health insurance premiums for the typical American family would increase by $4,000 by 2019 under a key Senate overhaul plan.

The analysis by America's Health Insurance Plans indicates that under the Senate Finance Committee plan - spearheaded by Democratic Chairman Max Baucus - the costs of private health insurance would rise by 111 percent over the next decade.

Under the current system, costs would rise by 79 percent, the report said, and premiums for individuals could rise by an extra $1,500 if the Baucus plan is implemented. The report was conducted by the firm PricewaterhouseCoopers.

The committee passed the long-awaited $829 billion health care bill by a 14-9 vote Tuesday.

Full story


Filed under: Health care
soundoff (57 Responses)
  1. Steve, New York City

    I am for hearing "from all sides" on this extremely important debate . . . something has to be done – the MAJORITY of personal bankruptcies in this country occur because some gets sick and can't pay for their medical bills? This is an OUTRAGEOUS situation for the richest country in the world.

    I wouldn't mind to see a bona-fide plan coming from the right . . .though if it's just going to be more hot air from Limbaugh, or from that loud-mouthed dimwit Glen Beck . . . stop wasting our time and show us an alternative (unless those insurance industry lobbying dollars are too painful to relinquish).

    October 13, 2009 04:59 pm at 4:59 pm |
  2. T Mckinley

    The health care insurance industry IS the problem.

    They are nothing but a bunch of selfish, greedy, uber-capitalists who's ONLY concern is using our need for healthcare insurance to make themselves rich.

    We are not going to have genuine healthcare reform in this country as long as these greedy bastards are allowed to have their way with us.

    October 13, 2009 05:00 pm at 5:00 pm |
  3. Mark

    We shouldn't be paying any extra!!! what is the point of changing it you liberal idiots!!!!

    October 13, 2009 05:00 pm at 5:00 pm |
  4. bill

    Come down off the partisan towers for a second, what are we doing, boht Repubs and Dems are smart enought to follow this.

    Just please think:

    1) The new bill mandates insurance companies cover everyone regardless of pre exisiting condiditions.

    2) Yet the individual madate to carry insurance is not there and the penalties basically waived.

    So the insutrance companies state that young folks won't get insured until they get sick.

    This is not a conspiracy, its common senses.

    Less money comes in, more money shelled out, means policies for those covered will increase substantially.

    Fiscal realities must be dealt with, we all want to fix this, but we cant have everyone get everything and no one pay for it. You are kidding yourself to get on board with vilianizing every industry that makes money.

    October 13, 2009 05:01 pm at 5:01 pm |
  5. Mike in MN

    Kerry and Pelosi and MoveON.org and all the liberals who support the public option should welcome the insurance industry report on the Baucus plan because they don't support the Baucus bill either. Kerry is so stupid he can't even tell the difference between a friend and an enemy.

    October 13, 2009 05:01 pm at 5:01 pm |
  6. Farrell in Houston

    The insurance industry once agains "cherry picked" only what they want us to fear without giving us the completition of the truth. Had they given full detail, we would all know this is a lie. .

    October 13, 2009 05:04 pm at 5:04 pm |
  7. wait a minute

    The extra $4000 for premium is an additional 8% of an annual income of $50,000.

    Would you rather pay 8% health taxes to Uncle Sam or a private insurer?

    Let's be hopeful and assume our salary increase can be 10% in 10 years and I will make $55,000 in year 10. If we are currently paying $16,000 per year per family for some health coverage, a premium of $20,000 would have been $20,000/$55,000 = 36 % of my annual income. What else do I have left for food, shelter, taxes and education? Under status quo and Baucus' plan, the Middle Class won't make it.

    A very strong public option or universal health care is the only solution to our health care problems.

    October 13, 2009 05:04 pm at 5:04 pm |
  8. J.P.

    Given that LBJ PURPOSEFULLY concealed the actual forecasted costs of Medicare and Medicaid (by a factor of about seven), I'd venture this insurance industry report is probably right on the money... but I'd say even this estimate is likely too low of what the actual costs will be.

    October 13, 2009 05:08 pm at 5:08 pm |
  9. Bob of Lompoc

    Republican business scare tactics. Don't worry about it.

    October 13, 2009 05:08 pm at 5:08 pm |
  10. Tom in CA

    Starting January 1, 2010, my health care insurance premium is going up 22.89%. This is in line with what has happened in past years. I've had my premiums increase a total of 220.54.%.

    If there is health care reform, then I'll be happy to have my premiums rise only 111% for the next ten years.

    October 13, 2009 05:09 pm at 5:09 pm |
  11. bill

    You are nuts to interpret this as why we need a public option.

    Just Stop, the facts are the insurance companies make no more profit margin than other industries. What you are attacking is the money for research and development of drugs and treatments.

    The public option makes no sense. You act like it will be a watchdog, Yet Obamas plan is to pay for this plan by finding waste fraud and abuse in another Govt run plan gone crazy.

    Why is this Govt entitlement beacracy can be the only one on record not to ballon and be ripe with inefficiency and skyrocketing costs.

    Seriously, call me what ever you want, be mean and nasty, but just tell me why this will work. l

    October 13, 2009 05:10 pm at 5:10 pm |
  12. ted

    Anytime the government gets involved in anything it leads to a giant mess. Healthcare will be no different.

    October 13, 2009 05:10 pm at 5:10 pm |
  13. Observant

    We will end up paying more for insurance premiums and in taxes and anyone whom believes otherwise is missing some marbles. Price Waterhouse has been crunching numbers much longer than anyone in Congress has and I do not beleive that the insurance companies brought them, they can not afford to risk their integrity.

    October 13, 2009 05:11 pm at 5:11 pm |
  14. bellablue

    The Insurance Companies and Credit Card Companies are happily married to each other, enjoying every day of their lives, TAKING THE AMERICAN PEOPLE TO THE CLEANERS!!

    October 13, 2009 05:12 pm at 5:12 pm |
  15. Ron

    So, Congress is also part of this public option, right?

    October 13, 2009 05:14 pm at 5:14 pm |
  16. Marc

    The 'report is being debunked as the hoax it seems to be, just like all those 'reports' and 'scientific researches' paid by the Tobacco companies that assertd that smoking DOES NOT causes cancer, wonder what happened to the credibility and legacy of those who signed down on such blatant lie...
    Oh and stevegee, I agree with Benjamin Franklin wholeheartly, which is why I'll never be a supporter of Dick Cheney or GWB...

    October 13, 2009 05:16 pm at 5:16 pm |
  17. GuyInVA

    Are you kidding me? The leftists are trotting out Wendell Potter again? He was long ago revealed to be a leftist himself who decided insurance companies were bad only after making his fortune working for Cigna Corp. As a PR Exec no less. Oddly enough, he is now a senior fellow at the Center For Media and Democracy. A middle of the road group I'm sure. He made his fortune. Now it's time for the fame. He gets it by turning on the people that fed him so well for so many years.

    October 13, 2009 05:16 pm at 5:16 pm |
  18. The Voice

    For too long the foxes have been guarding the hen houses. It's time to bring in the dogs.

    October 13, 2009 05:17 pm at 5:17 pm |
  19. Moderate Democrat

    A study published in the June issue of the American Journal of Medicine found that in 2007, 62 percent of personal bankruptcies were because of medical debts. The same study indicated that in 1981.

    A recent Kaiser Family Foundation study examining U.S. health insurance policies generally found that from 1999 to 2009, the average family premium more than doubled.

    Insurance has always gone up. This isn't because of any bill passed, it's because insurance companies are in the business of murdering people for profit.

    October 13, 2009 05:20 pm at 5:20 pm |
  20. JES

    Pretty soon we will be able to use our money as wallpaper like the Germans did.

    Keep spending money you don't have.

    I guess my grandson doesn't mind starting out in te hole at 3.

    October 13, 2009 05:20 pm at 5:20 pm |
  21. dan smith

    Here's and idea on how to pay for health care reform, put an end to welfare. Just think of how many hundreds of millions we could save that way.

    October 13, 2009 05:20 pm at 5:20 pm |
  22. LacrosseMom

    45,000 Americans DIE EVERY YEAR because they do not have healthcare!

    IF 45,000 Americans DIED because of terrorist attacks, everyone would be in the streets rioting!

    REPUBLICANS IT IS IMMORAL AND UNCHRISTIAN TO DENY AMERICANS HEALTHCARE!

    WHOSE SIDE ARE THE REPUBLICANS ON?

    October 13, 2009 05:20 pm at 5:20 pm |
  23. Sama Mondeh

    Republicans had ample opportunity to introduce their own plan, but have failed to do so. Instead, they have chosen to obstruct what the Democrats are trying to do, in a bi-partisan way. What is needed now is for the Dems to tell the Republicans that their game is over, Get the reform through by any means necessary, even if there is only one sensible Republican (Snowe God Bless Her) voting along.

    October 13, 2009 05:21 pm at 5:21 pm |
  24. dan smith

    I don't have kids or grandkids so let's go ahead and get one hundred trillion in debt I won't have any descendants who'll have to pay it off.

    October 13, 2009 05:23 pm at 5:23 pm |
  25. Christian Values

    The current system is used to slaughter FIFTEEN 9/11's worth of americans EACH AND EVERY YEAR. This domestic MASS GENOCIDE must be stopped. The health care industry is LITERALLY getting away with "MURDER FOR PROFIT".

    The current system DOES NOT WORK. We MUST HAVE a PUBLIC OPTION to stop the slaughter of our fellow americans!

    Grandmas alive because of government health care. But little Timmy with the pre-existing can suck on poison and die with out a public option!

    October 13, 2009 05:24 pm at 5:24 pm |
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