AHIP Statement on HHS Report

AHIP Statement on HHS Report

Washington, DC – America’s Health Insurance Plans’ (AHIP) President and CEO Karen Ignagni released the following statement on the report released today by the Department of Health and Human Services (HHS):

“The new law will expand coverage to millions of Americans, but fails to address the health care cost crisis. Reducing health care cost growth is one of the most important economic challenges facing the nation.

“Premiums are rising because medical costs continue to soar, younger and healthier people are dropping coverage in a weak economy, and the cost of new benefit mandates. Focusing solely on premiums while failing to rein in underlying medical costs will not make coverage more affordable for individuals, families and employers.

“The document released today overstates the cost savings associated with certain provisions of the new law and ignores major provisions that will raise premiums, including the new premium tax, age rating restrictions that impact younger workers, and benefit mandates that exceed the coverage that many purchase today.

“While tax credits are important to help people pay for coverage, tax credits do not bring down the growth of medical costs or reduce health insurance premiums.”

Background Information:

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