Tag: PWC

PricewaterhouseCoopers’ Study on Benefits and Administrative Costs

According to the U.S. Government, Underlying Medical Costs and Premiums Track Directly Together According to government data, health insurance premiums track directly with the underlying cost of medical care. As the cost of providing medical care increases, premiums rise accordingly. Some employers and families have chosen plans with lower premiums and higher cost-sharing (deductibles, co-pays, and coinsurance) to offset the increase in premiums. Source: PricewaterhouseCoopers, A Shared Responsibility: Advancing Toward a More Accessible, Safe, and Affordable Health Care System for [...]

Posted in: Fact Check

Jonathan Cohn — What the Insurance Industry Got Right

Jonathan Cohn — What the Insurance Industry Got Right “…buried inside the insurers’ new piece of propaganda were two perfectly valid arguments–arguments that advocates of reform would be foolish to ignore.” “The first of these arguments is about what’s come to be known as the individual mandate. A central element of every reform bill that’s gone through committee is a requirement that everybody obtain insurance…. At some point, if the mandate becomes too weak, it ceases to be effective. People [...]

Posted in: Health Care Costs, In Case You Missed It, Issue Alert

Karen Ignagni – OpEd – The Washington Post: About that health-reform cost study

Below is a reprinted version of an OpEd that appears on WashingtonPost.com written by AHIP’s Karen Ignagni. The below version includes links to various resources that serve as backup documentation. These links are not included as part The Washington Post version. (For the original version, click here.) ********************** About that health-reform cost study It has been alleged that health insurers commissioned a report recently from PricewaterhouseCoopers as part of a last-ditch effort to kill health-care reform. A relentless public relations campaign [...]

Posted in: AHIP, AHIP in the News, AHIP Studies and Reports, Fact Check, Health Care Costs

Statement/Fact Check on AHIP Cost Report

Statement from AHIP President and CEO Karen Ignagni on status of health care reform: “Health plans strongly support comprehensive, bipartisan health care reform. Reform must deliver on the promise made to the Amercian people that everyone will have quality, affordable coverage. Two studies released last week found that some of the current proposals will significantly increase health care costs for families and employers across the country. We believe these issues can and must be resolved.” FACT CHECK on Health Care [...]

Posted in: AHIP, AHIP Press Releases, Fact Check, Health Care Costs

Additional Information about AHIP Cost Report

ADDITIONAL INFORMATION ABOUT AHIP COST REPORT ØAHIP sent this letter to Senators Reid, Baucus, and Harkin this week highlighting our industry’s strong commitment to comprehensive health care reform and providing additional information about the release of the new cost report. ØAt a HELP committee hearing yesterday, AHIP President and CEO Karen Ignagni addressed the release of the cost report (begins at 87:37). ØHere is a technical question and answer document on the PricewaterhouseCoopers’ cost report. This document provides important background [...]

Posted in: AHIP, AHIP Studies and Reports, Fact Check, Health Care Costs

Mort Kondracke and Robert Samuelson on Findings of Report

Columnists Mort Kondracke and Robert J. Samuelson take a look at AHIP’s report released earlier this week. Here are some key excerpts: Mort Kondracke: “One such group, America’s Health Insurance Plans, the insurance lobby, has brought down an avalanche of ridicule, with even Obama aides unfairly accusing it of trying to torpedo the entire reform effort.” ******* “In fact, AHIP – like other groups representing doctors, hospitals, device manufacturers and seniors – was merely trying to affect the reform process [...]

Posted in: AHIP, AHIP Studies and Reports, In Case You Missed It

Reports Show Costs Will Increase for Individual, Families and Employers

Below find links to two important fact checks about recent reports that show the cost of health care coverage will increase for individuals, families and employers. NEW HEALTH CARE COST REPORT IS CONSISTENT WITH FINDINGS OF REPORT RELEASED BY AHIP Find link to full document here. (For the full Oliver Wyman report click here and for the full PwC report click here.) Technical Question and Answer Document on PwC Report on Costs This document provides important background information on the [...]

Posted in: AHIP, AHIP Studies and Reports, Fact Check, Health Care Costs

Politico — Ignagni defends maligned AHIP report

Politico: Ignagni defends maligned AHIP report Karen Ignagni, the president and CEO of America’s Health Insurance Plans, defended the timing and findings of a much-maligned report on Thursday, warning a Senate panel that legislation passed out of the Finance committee this week could lead to “potential hyper-inflation” if everyone isn’t required to participate. Ignagni and AHIP provoked the scorn of Democrats at both end of Pennsylvania Avenue this week after releasing a report over the weekend that said health care [...]

Posted in: AHIP, AHIP in the News, Health Care Costs

AHIP on the Impact of Provisions from Reform Proposals that Could Lead to Higher Costs for Individuals, Families and Employers

AHIP’s Mike Tuffin on Fox Business News: *************** AHIP’s Robert Zirkelbach on MSNBC’s Dr. Nancy *************** AHIP’s Robert Zirkelbach on MSNBC’s Morning Meeting *************** AHIP’s Mike Tuffin on Bloomberg Part 1 Part 2 ***************

Posted in: AHIP, AHIP Press Releases, AHIP Studies and Reports, Health Care Costs, In Case You Missed It

The Washington Post — New Bill Would Raise Rates, Says Insurance Group

The Washington Post has a breaking news story about the negative impact of the the Senate Finance Committee’s bill on health care costs. The story focuses on a report conducted for AHIP by PricewaterhouseCoopers. Here are some key excerpts from the story: “The report makes clear that several major provisions in the current legislative proposal will cause health care costs to increase far faster and higher than they would under the current system…” “Between 2010 and 2019 the cumulative increases [...]

Posted in: AHIP, AHIP Studies and Reports, Cost Alert, Health Care Costs