Navigation Links
Consumer Group: Hillary Clinton's Mandatory Health Insurance Purchase Plan is an Act of War on the Middle Class Family That Can't Afford $12k Policy
Date:9/17/2007

Clinton Takes Over $1 Million From Insurers, Would Force All Americans to Buy Private Coverage

SANTA MONICA, Calif., Sept. 17 /PRNewswire-USNewswire/ -- The Foundation for Taxpayer and Consumer Rights (FTCR) today condemned Senator Hillary Clinton's mandatory health insurance purchase plan as a gift to insurers that have given over $1 million in campaign contributions to her presidential campaign.

FTCR said that a plan that would require every American to buy private health insurance without a cap on how much Americans would be charged is an attack on the middle class. The average American health insurance policy for a family of four costs $12,000 per year; Clinton did not say how average Americans would pay for it.

"A woman perceived as the architect of socialized medicine in America is now the godmother of a plan for corporate socialism," said Jamie Court, President of the Foundation for Taxpayer and Consumer Rights (FTCR). "That's a testament to the power of health insurer campaign contributions. This plan guarantees insurers a market for their products at any cost. Senator Clinton's plan is a declaration of war on middle-class families who cannot afford $12,000 a year for a health insurance policy because the Clinton plan doesn't cap premiums or regulate them. The only reason to force Americans to buy health insurance is to bailout an industry that's failed to make its products attractive enough to the market."

FTCR said that the individual mandate is untenable and that real health care reform must rein in health insurance companies.

-- A recent report by the Kaiser Family Foundation showed that the average cost of coverage for a family of four is now $12,000, not including deductibles that often require families to spend $5,000 out-of-pocket before insurance coverage kicks in.

-- Health insurance premiums are increasing 250% faster than the rate of inflation because health insurers are keeping more health care premium dollars for profit.

-- Health insurance premiums have increased 78% since 2001 compared to a 19% increase in wages and a 17% increase in inflation, according to the Kaiser report.

FTCR said that a hallmark of so-called 'individual mandate' proposals, like that already in place in Massachusetts, is high-cost polices that provide minimum benefit, bare-bones coverage. These policies do not adequately protect patients when they become sick.

"With $12,000 annual health insurance premiums fueling double-digit insurer profit increases, health reform must rein in insurance companies, not give them more control over our health care," said Jerry Flanagan of the Foundation for Taxpayer and Consumer Rights. "Clinton's plan to require all Americans to buy health insurance would force people to choose between rent and health insurance, which could force people to go bankrupt if they make the wrong choice or turn into tax dodgers if they fail to buy unaffordable health insurance."

The nation's largest insurers reported double-digit profit increases for the second quarter of 2007:

-- WellPoint, the nation's largest insurer and parent company of Blue Cross of California, reported an 11% profit increase over 2006.

-- UnitedHealth, the second largest insurer and parent of PacifiCare of California, reported a 22% increase in earnings over 2006.

-- Aetna's profit was up 27% over 2006.

-- Health Net's profit increased 23.1% over 2006.

According to Weiss Ratings, between 2001 & 2005, HMOs and health insurers nationally have recorded more than $38 billion in profits -- enough money to provide health insurance to 12 million Americans for an entire year.

In 2005, medical bills were responsible for half of all bankruptcies. Of the approximately 1 million Americans who file for bankruptcy each year as a result of illness, three-quarters have insurance; most have college degrees, are working and own their homes according to a Harvard Medical School report.

FTCR is California's leading public interest watchdog. For more information, visit us on the web at http://www.ConsumerWatchdog.org


'/>"/>
SOURCE Foundation for Taxpayer & Consumer Rights
Copyright©2007 PR Newswire.
All rights reserved

Related medicine news :

1. Paracetamol May Cause Live Damage Warns Consumer Education and Research Centre
2. Iodex goes to SmithKline Beecham consumer Healthcare
3. Consumer group seeks Sibutramine ban
4. Identifying What Consumers Look For On Food Stuff Labels
5. Consumers Becoming More Health Conscious Than Calorie Conscious
6. With More Appearance Conscious Consumers The Need For Slimming Products Is Rapidly Rising
7. Consumers of soft drinks to be more alert
8. Consumers Worried About Trans-Fats The Most
9. New Plastic Surgery Unit Set Up In Kolkata To Meet Ever-Increasing Consumer Demand
10. Health care system “Consumer friendly” by 207
11. Chocolate makers to be health wise and urge consumers to be too!
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/13/2017)... ... ... Lori R. Somekh, founder of the Law Office of Somekh & ... and special needs planning attorneys. “Membership in ElderCounsel helps our office remain up to ... with elder law attorneys nationwide,” said Somekh. , ElderCounsel was founded ...
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th Annual Kids Fun ... NJ. This free event, sponsored by Global Healthcare Management’s CEO, Jon Letko, is ... is geared towards children of all ages; it is a non-competitive, non-timed event, which ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the ... “America On The Brink” is the creation of published author, William Nowers. Captain ... As a WWII veteran, he spent thirty years in the Navy. Following his ...
(Date:10/12/2017)... , ... October 12, 2017 , ... IsoComforter, Inc. ( ... announced today the introduction of an innovative new design of the shoulder pad. ... you get maximum comfort while controlling your pain while using cold therapy. By utilizing ...
(Date:10/12/2017)... ... ... HMP , a leader in healthcare events and education, today announced that ... for ‘Best B-to-B Healthcare Website.’ Winners were announced during the Eddie & Ozzie Awards ... recognizes editorial and design excellence across a range of sectors. This year’s program included ...
Breaking Medicine News(10 mins):
(Date:10/7/2017)... , Oct. 6, 2017   Provista, ... more than $100 billion in purchasing power, today announced ... and information. The Newsroom is the online ... industry trends, infographics, expert bios, news releases, slideshows and ... access to a wealth of resources at their fingertips, ...
(Date:10/4/2017)... South Korea , Oct. 4, 2017  South ... its next-generation CPR training aide "cprCUBE" on Kickstarter. The ... chest compression during cardiac arrests with better efficiency compared ... It also offers real-time feedback on efficacy of the ... The crowdfunding campaign has a goal to raise $5,000. ...
(Date:10/4/2017)... Mass. , Oct. 4, 2017 ... of single-use, self-contained, illuminating medical devices, today announced ... National Health Surveillance Agency (or Agência Nacional de ... The first single-use, cordless surgical retractor with integrated ... provides optimal access, illumination and exposure of a ...
Breaking Medicine Technology: