Monday, October 12, 2009

The boogey man was sent to getcha'!!! Health care insurance companies saying, boldly they will spike rates if any public option in the final bill!!!!

Yep, did we expect anything DIFFERENT? Even though these vipers are getting a mandate, a.k.a., every American in this country must PURCHASE their product, which is insurance, as shitty as it may be for some? Meaning they, a.k.a., insurance companies get billions of dollars in NEW CUSTOMERS and they are playing the scurred card to the senate?

These sorry, mo-fo, insurance companies playing a final card before that Senate Finance Committee vote tomorrow!! And we will see who BLINKS first. A major threat to the American People and this White House needs to push back hard and I expect it tomorrow.

Insurance companies aren't playing nice any more. Their dire message that health care legislation will drive up premiums for people who already have coverage comes as a warning shot at a crucial point in the debate and threatens President Barack Obama's top domestic priority.

Democrats and their allies scrambled on Monday to knock down a new industry-funded study forecasting that Senate legislation, over time, will add thousands of dollars to the cost of a typical policy. "Distorted and flawed," said White House spokeswoman Linda Douglass. "Fundamentally dishonest," said AARP's senior policy strategist, John Rother. "A hatchet job," said a spokesman for Senate Finance Committee chairman Max Baucus, D-Mont.

But the health insurance industry's top lobbyist in Washington stood her ground. In a call with reporters, Karen Ignagni, president of America's Health Insurance Plans, pointedly refused to rule out attack ads on TV featuring the study, though she said she believed the industry's concerns could be amicably addressed.

At the heart of the industry's complaint is a decision by lawmakers to weaken the requirement that millions more Americans get coverage. Since the legislation would ban insurance companies from denying coverage on account of poor health, many people will wait to sign up until they get sick, the industry says. And that will drive up costs for everybody else.

Insurers are now raising possibilities such as higher premiums for people who postpone getting coverage, or waiting periods for those who ignore a proposed government requirement to get insurance and later have a change of heart.

The drama threatened to overshadow Tuesday's scheduled vote by the Senate Finance Committee on a 10-year, $829-billion plan that Baucus has touted as the sensible solution to America's problems of high medical costs and too many uninsured.

The Baucus bill is still expected to win Finance Committee approval. The insurance industry is trying to influence what happens beyond the vote, when legislation goes to the floor of the House and Senate, and, if passed, to a conference committee that would reconcile differences in the bills.

It's at that final stage where many expect the real deal will be cut. read more here....

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