Health Insurance Insider Slams Baucus Bill: ‘An Absolute Gift To The Insurance Industry’ (health care, cost)

[sickofnyc]

On the eve of the Senate Finance Committee’s release of its much anticipated health care plan, Wendell Potter — the insurance industry whistle blower and former communications director of health insurance giant Cigna — called the Baucus framework “an absolute gift to the industry.” “And if that is what we see in the legislation, [America’s Health Insurance Plans chief] Karen Ignagni will surely get a huge bonus,” Potter said at a briefing for reporters.

Think Progress » Health Insurance Insider Slams Baucus Bill: ‘An Absolute Gift To The Insurance Industry’

Potter argued that the lax employer requirements would shift the cost and risk of coverage onto the individual and maintained that the bill’s “network of cooperatives” would be unable to compete in today’s concentrated health insurance markets. “The co-ops won’t stand a chance,” he concluded.

[swbtoo]

Yep, it is a gift to insurance industry which, itself, should be reformed.