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Insurance Lobby Outlines Opposition to House Health Bill (Again)

In a six-page letter to House Speaker Nancy Pelosi (D-Calif.), the health insurance lobby reiterated today that it won’t be supporting the $894 billion reform

Jul 31, 2020
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In a six-page letter to House Speaker Nancy Pelosi (D-Calif.), the health insurance lobby reiterated today that it won’t be supporting the $894 billion reform bill scheduled for a floor vote tomorrow, according to reports.
No shocker here. America’s Health Insurance Plans has long feared the consequences to business if Congress created a public insurance plan to compete with private companies — a public plan like the one contained in the Democrats’ bill. Indeed, that seems to be the central reason for AHIP’s opposition.
“We share the concerns that providers, employers, and patients have raised about the significant disruption a new government-run plan would have on the current health care system,” AHIP President Karen Ignagni wrote in the letter. “A new government-run plan would bankrupt hospitals, dismantle employer coverage, exacerbate cost-shifting from Medicare and Medicaid, and ultimately increase the federal deficit.”
Ignagni can at least be happy that liberal Democrats have abandonedtheir push for a single-payer system.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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