UNDERNEWS

Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of one quarter of America's presidencies and edited alternative journals since 1964. The Review has been on the web since 1995. See main page for full contents

August 9, 2009

THE HEALTH INSURERS HAVE ALREADY WON

Business Week - As the health reform fight shifts this month from a vacationing Washington to congressional districts and local airwaves around the country, much more of the battle than most people realize is already over. The likely victors are insurance giants such as UnitedHealth Group, Aetna, and WellPoint. The carriers have succeeded in redefining the terms of the reform debate to such a degree that no matter what specifics emerge in the voluminous bill Congress may send to President Obama this fall, the insurance industry will emerge more profitable. Health reform could come with a $1 trillion price tag over the next decade, and it may complicate matters for some large employers. But insurance CEOs ought to be smiling. . .

The industry has already accomplished its main goal of at least curbing, and maybe blocking altogether, any new publicly administered insurance program that could grab market share from the corporations that dominate the business. UnitedHealth has distinguished itself by more deftly and aggressively feeding sophisticated pricing and actuarial data to information-starved congressional staff members. With its rivals, the carrier has also achieved a secondary aim of constraining the new benefits that will become available to tens of millions of people who are currently uninsured. That will make the new customers more lucrative to the industry. . .

1 Comments:

Anonymous L said...

FWIW: Big Pharma is going to be pushing hard for Obamacare too:

http://www.pharmacychoice.com/News/article.cfm?Article_ID=440398

Must just be philanthropists. Or maybe the guarnteed giga-profits Obamacare will give them is something they want. Meanwhile MSNBC hosts are smearing opponents of Obamacare as racists. I wonder if GE's healthcare division stands to make any bucks from Obama's "reform."

August 9, 2009 9:31 PM  

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