November 19, 2010

SHHHHH...THE RIGHT THINKS IT'S A PLOT TO GET RID OF INSURERS...:

Guess Who Opposes Reversing the Individual Mandate in Health Reform?: Insurers and other health care companies view the mandate as the law's bedrock—and the source of new profits (Drew Armstrong, 11/18/10, BusinessWeek)

When the White House and Democratic lawmakers wrote the health-care overhaul bill, they concocted a sweet coating for the bitter medicine the health industry would have to swallow. In exchange for tighter regulation and numerous new directives, insurers, drugmakers, hospitals, and physicians got some 30 million new paying customers under the individual mandate requiring almost everyone to buy insurance starting in 2014 or pay a fine.

The individual mandate is now under attack in the courts and on Capitol Hill by Republicans, libertarians, and Tea Party enthusiasts who call it an affront to personal liberty. The industry, however, views it as the bedrock supporting the entire health reform law and is lobbying to keep it. The prospect of a vastly bigger market has helped spark a 7.4 percent rise since Jan. 1 in the Standard & Poor's 500 Managed Health Care Index of publicly traded health-care companies.

Posted by Orrin Judd at November 19, 2010 6:45 AM
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