health insurance reform prostate examBlasting the Health Insurance Reform package passed by the U.S. Senate, insurance industry spokesmen claim premiums for the typical American family would rise 111 percent over the next decade, increasing to $4,000 per year by 2019.

Senators responded with, “The idea that the insurance industry would complain about high premiums is like the Yankees complaining that they’re hitting too many home runs.”, “The Industry is more concerned for their shareholders than for the American people.” and “This is clearly a desperation move on the part of the insurance industry.”

The Obama White House appeared surprised (huh?) with the strong response from insurance representative. “This is a self-serving analysis from the insurance industry, one of the major opponents of health care reform… It’s hard to take it seriously.”

The CEO of America’s Health Insurance Plans said, “Imposing new taxes and fees on health care services and on insurance, in particular the guarantee that prices could not be raised or policies revolked cannot reduce health care costs.”

Insurance also took aim at a proposed tax on employer-sponsored, high-cost plans, saying they could result in higher premiums for many private consumers.

The insurance industry’s report also criticized the controversial public option – the idea of giving the uninsured the choice of a government health care plan. However, many lawmakers are now supporting a public insurance option because they think that you can’t get health care costs down unless there really is true competition in the health insurance marketplace, believing that, “Without a public option, insurance companies will continue to have “free rein.”

So, what is the “nonpartisan” Congressional Budget Office saying?

1. That overall premiums would be higher because future policies would cover pre-existing conditions.
2. That at present 23 percent of some premiums go to insurance company administrative costs.
3. That the Health Reform bill would reduce the national deficit by slightly more than $80 billion over the next decade, provide insurance to an additional 29 million people and extend coverage to 94 percent of the country’s nonelderly population.

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