Navigation Links
Consumer Group Finds Use of Outdated Data and Other Major Flaws in Economist's Defense of Mandatory Purchase of Private Health Insurance
Date:2/12/2008

SANTA MONICA, Calif., Feb. 12 /PRNewswire-USNewswire/ -- A consumer group today released a critique of a report by MIT economist Jonathan Gruber supporting mandatory purchase of private insurance which used 30-year-old data to show that most Americans are "over-insured" and to defend the affordability of the plan.

Download the Foundation for Taxpayer and Consumer Rights' (FTCR) critique of Gruber's report: http://www.consumerwatchdog.org/resources/MandatoryInsuranceCritique.pdf

FTCR identified major flaws in Gruber's report, including that it:

-- Relies on 30-year old data to conclude that most people are "over-insured," utilizing too much health care unless they face punitive co-pays and deductibles. However, this study is both out-of-date and flawed by the unrepresentatively low out-of-pocket costs of the plans studied. Today, yearly premiums for a family of four top $12,000 annually, and over the past six years, the amount families pay out-of-pocket each year for their share of premiums has increased by about $1,500. Nearly one out of four Americans under the age of 65 -- 61.6 million people -- is in a family that will spend more than 10% of its pre-tax income on health care costs in 2008.

-- Relies on an out-of-date health insurance profit and overhead figure of 12% and avoids discussing the explosion in insurer profitability since 2000. Some experts say that up to 50% of overall health spending now goes to clinical and insurer administrative waste, inflated prices, and fraud by doctors and hospitals.

-- Relies on unsubstantiated notions, originated by insurers themselves, that requiring Americans to buy unaffordable and poor quality health insurance policies is a necessary component of reform.

-- Assumes that the insurance market is highly competitive, ignoring extreme market consolidation that will inevitab
'/>"/>

SOURCE Foundation for Taxpayer and Consumer Rights
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2

Related medicine news :

1. Transitions Optical Promotes Healthy Sight Through a Nationwide Integrated Advertising Campaign and the Launch of an Enhanced Consumer Web Site
2. Review of online breast cancer information encourages healthy skepticism for consumers
3. Legal Employer Provides Companies with Competitive Edge by Assuring Consumers that Workers are Legally Documented
4. Integrated Laser Therapies Launches, Offers Low-power, Therapeutic Laser Devices and Training for Therapists and Consumers
5. Consumer Reports Poll: Americans Demand Health Reform But Are Unsure About How to Achieve it
6. Smart Home Cleaning: New Web Site Educates Consumers on Looking Clean Versus Being Clean
7. Linda Ellerbee to Present Keynote at URACs Best Practices in Consumer Empowerment and Protection Awards Program
8. Concentric Launches New Consumer Division, Names Mike Devlin EVP, Managing Director
9. Consumer Driven Healthcare Continues To Make Its Mark on Indianapolis Market
10. Blue Cross Blue Shield of Michigan Says Guaranteed Access Provisions of Insurance Reform Bills Protect Michigan Consumers Twice-Over
11. American Legacy Foundation Comments on New York State Department of Health Petition to the FDA to Expand Consumer Access to Over the Counter Nicotine Medications
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/25/2014)... The short film “Color of Honor” by young director/producer ... true 9/11 hero, Welles Remy Crowther. It has been chosen ... of Nuremberg International Short Film Festival and the 8th International ... and director Luciana Lagana plays the mother of the ... Gregory Graham - Graham plays a heroic policeman ...
(Date:12/25/2014)... Helen Harris’ RP (Retinitis Pigmentosa) International ... after an 8 year battle with breast cancer. ... in her home in Woodland Hills California after an ... , As the founder and volunteer President ... and championed many of today's greatest breakthroughs in restoring ...
(Date:12/25/2014)... HealthDay Reporter WEDNESDAY, Dec. 24, ... illnesses can receive effective, less expensive care from a clinic ... a team of dedicated health care professionals, a new study ... and need either hospitalization or a trip to the emergency ... clinic at the University of Texas in Houston versus usual ...
(Date:12/25/2014)... early stage breast cancer patients who undergo chemotherapy and/or ... eventually develop leukemia as a result of their treatment, ... a review of more than 20,000 breast cancer cases ... the risk for developing treatment-related leukemia, though low, is ... frequency of bone marrow cancers such as leukemia is ...
(Date:12/25/2014)... 2014 Thousands of transvaginal mesh lawsuits ... a number of multidistrict litigations currently underway in U.S. ... LLP reports. According to an Order issued on December ... Joint Status Conference in all of the proceedings on ... directed to submit a proposed agenda to the Court ...
Breaking Medicine News(10 mins):Health News:The True 9/11 Hero Story “Color of Honor” Premieres in Germany and Bangladesh: Luciana Lagana Plays the Mother of the Lead and Co-Produces with Blaise Dolcemaschio. 2Health News:The True 9/11 Hero Story “Color of Honor” Premieres in Germany and Bangladesh: Luciana Lagana Plays the Mother of the Lead and Co-Produces with Blaise Dolcemaschio. 3Health News:RP International founder, Helen Harris Dies on Christmas Eve Just Hours Before Her Holiday Television Broadcast to Raise Funds to Cure Blindness was Broadcasted Nationally 2Health News:RP International founder, Helen Harris Dies on Christmas Eve Just Hours Before Her Holiday Television Broadcast to Raise Funds to Cure Blindness was Broadcasted Nationally 3Health News:RP International founder, Helen Harris Dies on Christmas Eve Just Hours Before Her Holiday Television Broadcast to Raise Funds to Cure Blindness was Broadcasted Nationally 4Health News:Coordinated Care Through 'Medical Home' Best for Chronically Ill Kids: Study 2Health News:Coordinated Care Through 'Medical Home' Best for Chronically Ill Kids: Study 3Health News:Breast Cancer Chemo Tied to Small But Significant Leukemia Risk 2Health News:Breast Cancer Chemo Tied to Small But Significant Leukemia Risk 3Health News:Federal Court Overseeing Thousands of Transvaginal Mesh Lawsuits Set to Convene Joint Status Conference for All Litigations, Bernstein Liebhard LLP Reports 2Health News:Federal Court Overseeing Thousands of Transvaginal Mesh Lawsuits Set to Convene Joint Status Conference for All Litigations, Bernstein Liebhard LLP Reports 3Health News:Federal Court Overseeing Thousands of Transvaginal Mesh Lawsuits Set to Convene Joint Status Conference for All Litigations, Bernstein Liebhard LLP Reports 4
... first intention molecule for the treatment of epilepsy in ... to an irreversible loss of vision. Serge Picaud, head ... Institut de la Vision have just discovered the origin ... limiting it. They have shown that vigabatrin provokes a ...
... of Medicine is convening the Summit on Integrative Medicine ... science, understanding, and progress of integrative medicine and explore ... the nation,s health care crisis. , Integrative medicine is ... patients and caregivers in the full range of physical, ...
... drive adoption DALLAS, Feb. 17 Providers of ... and personal health records (PHR) can generate over ... the disease management (DM) industry, according to Parks ... High-Tech Adoption . The international research firm cites ...
... Angeles Jewish Home are in it for the , Long ... Feb. 17 At the Los Angeles Jewish Home, one ... roof in the U.S. all agree on two things: They ... have the best ideas on just how to accomplish that ...
... have discovered that estrogen receptors are present in ... them to believe that anti-estrogen drug treatments may ... patients, overall outcome. , This research is being ... Endocrinology . , In estrogen-responsive cancerssuch as breast ...
... at The Medical College of Wisconsin in Milwaukee have linked ... and blood vessel disease in African Americans. Aldosterone is secreted ... kidneys. , The study appeared in the December 18, ... prevalence of high blood pressure, or hypertension, in African Americans ...
Cached Medicine News:Health News:Taurine: Key to the visual toxicity of an anti-epileptic drug for children? 2Health News:Taurine: Key to the visual toxicity of an anti-epileptic drug for children? 3Health News:IOM convenes Feb. 25-27 Summit on Integrative Medicine 2Health News:Personal Health Technology Spending to Exceed $460 Million in the Disease Management Sector in 2013 2Health News:Unique Group of 90-Year-Olds Share Top Ten Longevity Tips 2Health News:Unique Group of 90-Year-Olds Share Top Ten Longevity Tips 3Health News:Estrogen found to increase growth of the most common childhood brain tumor 2
(Date:12/24/2014)... and FARMINGTON, Conn. , ... (NYSE MKT: PTN), a biopharmaceutical company developing targeted, ... with significant unmet medical need and commercial potential, ... private placement of 2,050,000 shares of its common ... shares of its common stock.  Funds under the ...
(Date:12/24/2014)... DIEGO , Dec. 23, 2014 ResMed (NYSE: ... significant patent infringement action against Chinese medical device manufacturer BMC ... (ITC) ruled today that BMC,s masks listed below infringe ResMed,s ... or selling these masks in the United States ... iVolve N2 nasal mask , Willow nasal pillows mask ...
(Date:12/24/2014)... 2014  The American Diabetes Association is recommending ... people with diabetes and that all people with ... statins, in keeping with recent changes to guidelines ... College of Cardiology (ACC) and American Heart Association ... recent changes to the Association,s annual revised Standards ...
Breaking Medicine Technology:Palatin Completes $20 Million Equity and $10 Million Debt Financings 2Palatin Completes $20 Million Equity and $10 Million Debt Financings 3Palatin Completes $20 Million Equity and $10 Million Debt Financings 4ResMed Wins Patent Infringement Lawsuit Against Chinese Manufacturer BMC Medical 2New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 2New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 3New Standards of Care Provide Guidelines for Statin Use for People with Diabetes to Prevent Heart Disease 4
... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...
... is a national reference laboratory and a ... development. ARUP offers an extensive test menu ... in clinical and anatomic pathology. Owned by ... include more than half of the nation's ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
... a national reference laboratory and a worldwide ... ARUP offers an extensive test menu of ... clinical and anatomic pathology. Owned by the ... more than half of the nation's university ...
Medicine Products: