Monday, October 19, 2009

Insurance Industry "Study"

Here is a surprise: The health insurance industry conducted a study that concluded health reform will increase premiums. Interestingly, they told the accounting firm that conducted the study that it was only permitted to look at four factors. The accounting firm makes note of this fact. It concludes that because of the limitations placed on it by the insurance industry the report is only as good as what it studied. This week the President attacked the industry for being dishonest. He threatened to remove the industry's protection from the anti-trust laws. Did you know health insurance companies were not subject to anti-trust laws? Small wonder there is no competition.