That Didn't Take Long: Insurance Industry Breaks Promise To President Obama
Just four days after standing next to President Obama and declaring their commitment to control health care costs to the tune of $2 trillion over 10 years, the insurance industry, drug and medical device makers, and hospital groups are backing off their promise:
Hospitals and insurance companies said Thursday that President Obama had substantially overstated their promise earlier this week to reduce the growth of health spending.
Mr. Obama invited health industry leaders to the White House on Monday to trumpet their cost-control commitments. But three days later, confusion swirled in Washington as the companies’ trade associations raced to tamp down angst among members around the country.
First, these groups are showing their true, dishonest colors. AHIP, the main insurance industry lobby group, sent out this press release from their fake grassroots campaign after the announcement:
By reducing the rate of growth in health care spending by 1.5% each year, the nation can achieve a savings of $2 trillion over the next decade. This effort will have a direct effect on the budgets of individuals and families and will also go a long way in ensuring that every American have access to affordable, high-quality health care. Stay tuned for more information on this important initiative in the weeks and months ahead.
Sounds like they made a commitment, right? Well, that commitment is now pretty soft (emphasis on the softness added):
Hospitals and insurance companies said Thursday that President Obama had substantially overstated their promise earlier this week to reduce the growth of health spending.
Mr. Obama invited health industry leaders to the White House on Monday to trumpet their cost-control commitments. But three days later, confusion swirled in Washington as the companies’ trade associations raced to tamp down angst among members around the country.
First, these groups are showing their true, dishonest colors. AHIP, the main insurance industry lobby group, sent out this press release from their fake grassroots campaign after the announcement:
By reducing the rate of growth in health care spending by 1.5% each year, the nation can achieve a savings of $2 trillion over the next decade. This effort will have a direct effect on the budgets of individuals and families and will also go a long way in ensuring that every American have access to affordable, high-quality health care. Stay tuned for more information on this important initiative in the weeks and months ahead.
Sounds like they made a commitment, right? Well, that commitment is now pretty soft (emphasis on the softness added):
posted by temporal at 5/16/2009
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