A report published by accounting firm PriceWaterhouseCoopers and AHIP (.pdf) (America’s Health Insurance Plans) shows the expected impact of the Senate Finance health reform bill on health insurance rates over the next 10 years.
Here’s what we can expect from the current bill:
“an additional [above what it would be without reform] 18 percent increase in premiums by 2019″, broken out as follows:
- 49% increase for the non-group (individual) market;
- 28% increase for small employers (those firms with fewer than 50 employees);
- 11% increase for large employers with insured coverage; and,
- 9% increase for self-insured employers.
That’s right, friends. This health care reform, sold as “for the people”, is going to cause individuals and small businesses to see a bigger increase than the biggest businesses out there.
250% – 500% bigger increases.
Now I see why it doesn’t take effect until 2013.
Well, except for the increased taxes, which start immediately.
Nice work, 52%. Who says your vote doesn’t matter?
Forgive them for they know not what they do…they being the gang that can't shoot straight.
Ignorance is bliss, right?
For politicians, ignorance should be a capital crime…
http://www.theatlantic.com/doc/200909/health-care
Try to remember this is the insurance company's point of view. Of course they don't want competition!
@Shirley: I'm not sure what you mean. The bill doesn't change the competitive landscape and the study doesn't reference it. In fact, the health insurance market is ridiculously price-competitive with most companies losing money on small business and individual policies. When there are between 2 and 5 competitors, competiton gets extremely fierce and goes to competing on price very quickly. Think Coke and Pepsi.