August 24, 2009
WELCOME TO THE PONDEROSA:
Healthcare insurers get upper hand: Obama's overhaul fight is being won by the industry, experts say. The end result may be a financial 'bonanza.' (Tom Hamburger and Kim Geiger, August 24, 2009, LA Times)
Lashed by liberals and threatened with more government regulation, the insurance industry nevertheless rallied its lobbying and grass-roots resources so successfully in the early stages of the healthcare overhaul deliberations that it is poised to reap a financial windfall.Posted by Orrin Judd at August 24, 2009 6:13 AMThe half-dozen leading overhaul proposals circulating in Congress would require all citizens to have health insurance, which would guarantee insurers tens of millions of new customers -- many of whom would get government subsidies to help pay the companies' premiums.
"It's a bonanza," said Robert Laszewski, a health insurance executive for 20 years who now tracks reform legislation as president of the consulting firm Health Policy and Strategy Associates Inc.
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