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To: All; kristinn

www.barackobama.com/index.php

my.barackobama.com/page/community/post/obamaforamerica/gGMPmC

healthcareforamericanow.org/site/content/who_we_are/

#

www.thenation.com/blogs/edcut/461719/organizing_for_a_public_option_

“Organizing For A Public Option?”
posted by KATRINA VANDEN HEUVEL on 08/12/2009 @ 12:50pm


137 posted on 08/13/2009 3:21:44 PM PDT by Cindy
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To: All

Note: Video included.

http://www.cnsnews.com/news/article/52418

“Rockefeller Uses Health-Insurance Profits Statistic Calculated by ACORN-Backed Group to Make Case for Government-Run Health Care”
Thursday, August 13, 2009
By Nicholas Ballasy, Video Reporter

(CNSNews.com) -

SNIPPET: “Sen. Rockefeller’s press secretary Rebecca Bale confirmed to CNSNews.com that HCAN was the source for Sen Rockefeller’s statement that insurance company profits had increased by more than 400% since 2001.

Senate Majority Leader Harry Reid used a similar statistic recently, but his office did not respond to inquiries from CNSNews.com asking what Reid’s source was.

“There is no business in America that makes more money than the insurance industry—over the last 10 years their profits have been increased by 450 percent,” Reid said during a July 30 press conference on health care reform. “So, I’m not really in very much of a mood to worry about the insurance industry.”

The American Association of Health Plans—a group that represents health insurance companies disagrees with HCAN’s findings. According to a study conducted by PricewaterhouseCoopers for AAHP, health plans had an average profit margin of 3% in 2007. American Hospital Association data suggests that profit margin increases have not exceeded 3.5% annually since 1990.

Rockefeller also told CNSNews.com that since the “public option” will not be required to seek a profit, it will force private health insurance companies to “re-think” how much they charge.”


141 posted on 08/13/2009 10:54:05 PM PDT by Cindy
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