Navigation Links
Cost of Massachusetts Health Insurance Mandate to Rise 85% -- $400 Mil -- in '09; CA Mandate Proposal Certain to Face Similar Increases
Date:1/24/2008

Also, Big Pharma Gives $400K to Prop 93, Drops Opposition to Schwarzenegger/Nunez Health Bill After Plan Change

SANTA MONICA, Calif., Jan. 24 /PRNewswire-USNewswire/ -- A projected 85% increase in the cost of Massachusetts' mandatory health insurance law by 2009 should send up red flags that a similar California plan is also insufficiently funded, said the Foundation for Taxpayer and Consumer Rights (FTCR). Massachusetts costs will increase by approximately $400 million primarily because the state underestimated the number of new enrollees in state-subsidized insurance plans, the Boston Globe reported today.

California mandatory purchase legislation eliminated another opponent, the pharmaceutical industry, prior to a committee hearing in the state Senate yesterday. The companies dropped their opposition in response to an amendment that drastically weakens the bill's original mechanism for reducing drug costs, according to FTCR. At the same time, the drug companies' lobbying arm contributed $400,000 to Proposition 93 on Tuesday, the ballot initiative that would extend the terms of Senate pro Tem Don Perata and Assembly Speaker Fabian Nunez. The companies' new concern is being cut out of the benefit package, necessary according to the Legislative Analyst to hold down costs.

"Drug companies got the language they didn't like out of the healthcare bill and thanked the Speaker with $400,000 towards his term limits extension initiative," said Jerry Flanagan of FTCR. "This is more evidence that the healthcare bill is more about protecting politicians' power than California patients."

California's Legislative Analyst issued a warning that cost estimates in California are inadequate in testimony to the Senate committee, suggesting that proponents' estimate of the number of uninsured is too low. She also projected a $4 billion deficit in health plan financing in just five years if insurance premiums are just $50 a month more exp
'/>"/>

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

0

GOOD

Page: 1 2

Related medicine news :

1. Massachusetts State Court Hears Suit by Breastfeeding Mother on Medical Licensing Exam
2. Massachusetts Employers and Health Plans Continue to Support Quality Care by Rewarding Physicians through Bridges to Excellence Programs
3. NBME Appeals Massachusetts Judges Reversal of Lower Court in Suit for Extra Break Time During Medical Licensing Exam
4. AIDS Action Committee Testifies to Protect the Privacy of People Seeking Healthcare in Massachusetts
5. Newton-Wellesley Hospital First in Massachusetts to Implement Isabel Diagnosis Decision Support System
6. Massachusetts Mandatory Health Insurance Purchase Law is No Model for California
7. AstraZeneca Response to November 2, 2007 Ruling In Re: Pharmaceutical Industry Average Wholesale Price Litigation, MDL No. 1456, U.S. District Court, District of Massachusetts
8. Schering-Plough Reports U.S. District Court for District of Massachusetts Finds No Liability for Subsidiary in AWP Case
9. Biotech Company Builder Papadopoulos Says Investment in Innovation Needed to Advance Drug Pipeline at Massachusetts Biotechnology Councils Ninth Annual MASS Opportunities Investment Conference
10. Consumer Group to Nunez: Massachusetts Mandatory Health Insurance Purchase Law Is No Model for California
11. Lung Cancer Alliance Hails Massachusetts Senator for Taking Lead on Lung Cancer Legislation
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/9/2010)... television drama may be more effective in persuading young ... on the same issue, according to a new study. ... televised drama about a teen pregnancy felt more vulnerable ... to more support for using birth control. , However, ... caused by teen pregnancies were unmoved, and had no ...
(Date:2/9/2010)... from a large-scale study of key antimalarial medicines ... high percentage of medicines circulating on national markets ... to the growth of drug-resistant strains of ... malaria. The findings, released today by the Promoting ... program implemented by the US Pharmacopeial Convention (USP), ...
(Date:2/9/2010)... , Feb. 9 The following ... Blackwell : ,, "Reversing the childhood obesity epidemic will ... Michelle Obama demonstrated today. ,, "As the ... schools loaded with chips and soda -- and few ... however, that bleak food landscape extends far beyond the ...
(Date:2/9/2010)... WEST PALM BEACH, Fla. , Feb. 9 /PRNewswire-USNewswire/ ... a grant awarded to the School District of Palm ... eat right and get fit. The Robert Wood Johnson Foundation ... opportunities for physical activity and access to affordable healthy foods ... and Palm Springs communities. Based on a rigorous ...
(Date:2/9/2010)... iPhone application created by UH researchers is providing ... world. Those annual rankings of America,s fattest and ... host of indirect indicators may soon have a ... the University of Houston provides objective data. , ... from Apple,s "App Store," allows users to keep ...
Breaking Medicine News(10 mins):Health News:TV drama can be more persuasive than news program, study finds 2Health News:TV drama can be more persuasive than news program, study finds 3Health News:TV drama can be more persuasive than news program, study finds 4Health News:One-third of antimalarial medicines sampled in 3 African nations found to be substandard 2Health News:One-third of antimalarial medicines sampled in 3 African nations found to be substandard 3Health News:Planting Seeds to Fight Childhood Obesity 2Health News:Phone app providing real-time statistics on physical activity around the world 2Health News:Phone app providing real-time statistics on physical activity around the world 3
... for Occupation Health and Safety Development says that women who ... cancer. Citing a study by US-based Fred Hutchinson Cancer Research ... up work in the graveyard shift - usually from 6 ... usually done at call centers placed them at a high ...
... now found to play a role in reversing the aging ... new age spots in women. ,A team of ... stable n-acetyl glucosamine have shown to reduce the melanin content ... damage treatment. ,For many women, accumulated sun exposure ...
... have uncovered that missing portions of 2 chromosomes located at ... ,The senior author Walter J. Curran Jr., M.D., ... of Thomas Jefferson University in Philadelphia, have found a paradigm ... known as gliomas. ,Reporting last week in the ...
... Glaxo Kline has found to be effective in preventing cervical ... (HPVs). ,Researchers suggested that HPV vaccination were ... the subjects. ,In the past 20 years, advances ... discovery of the link between HPV and cervical cancer. Two ...
... dietary restrictions, ensuring that no gluten, a product found in ... this may soon come to an end. Researchers in the ... food processing -- AN-PEP -- may be able to break ... intestine. This information could be vital because the small intestine ...
... of Radiotherapy and Oncology of the All-India Institute of ... stating that her ad hoc appointment was terminated due ... Institute recently. ,In a letter to Anbumani ... Dr. Ajita Gill said that although the "vicious ...
Other Medicine News:Health News:Study Finds - UV Damaged Skin could be Possibly Treated with Glucosamine 2Health News:Study Finds - UV Damaged Skin could be Possibly Treated with Glucosamine 3Health News:Missing Chromosomes Revealed Brain Tumor Therapy Effect – Research Find 2Health News:Missing Chromosomes Revealed Brain Tumor Therapy Effect – Research Find 3Health News:Celiac Disease Sufferers See an End to their Misery 2
(Date:2/8/2010)... 8 Cost reductions offset a recession-driven ... AHPI ) narrowly back into profitability in the second ... quarter ended December 31, 2009 declined almost ... the same quarter last year to $11.4 million ... sales were reduced even more sharply, from approximately ...
(Date:2/8/2010)... N.J. , Feb. 8 Savient ... the company will release financial results for the fourth ... market on Thursday, February 25, 2010 . ... Group Vice President and Chief Financial Officer, will host ... a.m. Eastern Time on February 26, 2010 ...
(Date:2/8/2010)... BETHESDA, Md. , Feb. 8 Hanger ... that it plans to report its results of operations for ... Wednesday, February 10, 2010 . ,, The Company plans to ... ended December 31, 2009 on Wednesday, February ... conference call is scheduled to begin at 9:00 a.m., ...
Breaking Medicine Technology:Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions 2Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions 3Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions 4Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions 5Allied Healthcare Products Returns to Profitability By Offsetting Depressed Sales with Cost Reductions 6Savient Pharmaceuticals To Hold Fourth Quarter And Year-End 2009 Results Conference Call On Friday, February 26, 2010 2Hanger Orthopedic Group, Inc. Announces 2009 Year-End Earnings Release Conference Call 2Diabetes cases to double and costs to triple by 2034 62179 1Diabetes cases to double and costs to triple by 2034 62179 2Diabetes cases to double and costs to triple by 2034 62179 3Nanowires key to future transistors electronics 14983 1Nanowires key to future transistors electronics 14983 2Nanowires key to future transistors electronics 14983 3Research sheds light on workings of anti cancer drug 62178 1Research sheds light on workings of anti cancer drug 62178 2Research sheds light on workings of anti cancer drug 62178 3
... innovative design, the Burton 7500-I refractor delivers ... At Burton, we set out not only ... innovative concept, but to set the industry ... and stringent testing, we devote more resources ...
... The Company has developed the patented ... the LASIK procedure. Management and industry experts ... keratotomy instrument, or microkeratome, currently used in ... cadaver eye studies, the Company has demonstrated ...
3.5v Ophthalmic Diagnostic Set with AutoStep Coaxial Ophthalmoscope, Spot Retinoscope, Rechargeable Handle, and Soft Case. High-quality eyecare from the preferred name in diagnostic instruments....
3.5v Ophthalmic Diagnostic Set with Diagnostic Ophthalmoscope, Spot Retinoscope, Rechargeable Handle, and Soft Case. High-quality eyecare from the preferred name in diagnostic instruments....
Medicine Products: