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Home Front: Politix
Price Waterhouse Coopers to Congress: You Lie!
2009-10-13
The insurance industry, sensing the fix was in with all the dumb attacks made by democrats this summer against the insurance industry, decided to respond with just the facts.

And the White House won't challenge the facts, just attack the messenger.

From TFA:
The article contains links to the original PWC report in PDA form, all 26 pages of it, for those of you with a fondness for original documents.
A major new report confirms the worst fears of many: Health care reform will raise the costs for most Americans--by about 18% on average. That is on top of existing inflation of health coverage.

Once the plan is fully phased-in (by 2019), a typical family of four would pay an extra $4,000 each year.

When combined with existing inflation, costs would rise from today's $12,300 annual average to $25,900. Of that 111% increase, $9,600 is due to existing factors uncorrected by the legislation, and $4,000 due to additional costs created by the legislation.

For single persons, the differential is projected at $1,500 a year. Premiums would rise from today's $4,600 a year to $9,600 overall.

Prepared by Price Waterhouse Coopers (PWC), the new analysis was requested by AHIP--America's Health Insurance Plans. It focuses on the leading plan pending in Congress, sponsored by Sen. Max Baucus (D, MT), which is scheduled for a Senate Finance Committee vote on Tuesday. The PWC report can be read here.

The PWC projections track what The Heritage Foundation and many others have said about the legislation: It does not save money. It simply taxes those who have health coverage and uses the money to give care to others.
Posted by:badanov

#4  Politician = Liar
Posted by: Maggie Slalet3910   2009-10-13 23:12  

#3  ReCongress lies.

In other shocking news, water is wet.
Posted by: Barbara Skolaut   2009-10-13 20:06  

#2  They're probably BOTH wrong.

Watch out for a corporatist "hybrid" muckup, that bleeds both customer and taxpayer.
Posted by: Bright Pebbles   2009-10-13 11:30  

#1  The insurance companies waited just long enough before letting this out, well thought out PR. They see what the government has done to the auto industry and it is their best interest to fight this.
Posted by: 49 Pan   2009-10-13 08:00  

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