Health Insurance Industry Sticking It To Business
Oh, so now the health insurance industry to ensure its outrageous profits are going to stick it to the business community and business leaders are howling. I guess they are.
Any kind of government-run health insurance program would lead to higher costs for employers, corporate executives representing a big-business group said Wednesday.
The Business Roundtable, an alliance of corporate CEOs, criticized the public option in a conference call with reporters as congressional Democratic leaders intensified their push to include a government plan in their healthcare reform bills.
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The Business Roundtable’s chief argument against the public option is that a government plan would offer lower payments to medical providers who, in turn, would raise the rates they charge for patients enrolled in employer-sponsored health insurance plans.
“It won’t contain costs. It will just shift them to the private payers,” Castellani said. “The state opt-out provision does nothing to blunt that impact.
