Health insurers released two reports this week warning that the reform legislation passed by the Senate Finance Committee would result in soaring premiums.
Both reports — by PricewaterhouseCoopers for America’s Health Insurance Plans and by Oliver Wyman for Blue Cross Blue Shield — predict premium increases of $3,000 to $4,000 per year for the typical family without employer-based coverage. The finance panel’s bill “would have the unintended consequence of increasing premiums and making coverage unaffordable for millions of people,” the Blues’ chief executive, Scott Serota, wrote in a letter to Congress attached to his group’s report.
The White House and congressional Democrats have dismissed both reports as slanted, last-minute attempts to block the legislation. “How many fatally flawed insurance company ‘reports’ do insurance companies need before their credibility is entirely shot?” said Finance Committee spokesman Scott Mulhauser.
— Alec MacGillis — The Washington Post