Navigation Links
Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
Date:9/10/2007

New Analysis Shows $4 Million from Top Health Insurers and HMOs

SANTA MONICA, Calif., Sept. 10 /PRNewswire-USNewswire/ -- As the Democratic health care bill goes to a vote today, the Foundation for Taxpayer and Consumer Rights (FTCR) released a new analysis of health insurance industry contributions to Sacramento politicians which helps explain why they would require Californians to pay for private health insurance but refuse to regulate what insurers can charge for the policies.

Health insurers and their lobbying associations gave a total $4,094,132 to Governor Schwarzenegger, members of the California legislature, and political parties between January 2001 and June 2007.

Assembly Speaker Fabian Nunez and Governor Arnold Schwarzenegger, the architects of a potential health care deal in Sacramento, have led the pack in contributions from the industry. Schwarzenegger has received $719,600, and Nunez has taken $136,300, more than any other legislator.

"No one can say, or will admit, how much health care will cost or who will pay. With $4 million from health insurers and 6 dozen fundraisers in the last three weeks, no one in the capital wants to offend the health insurers," said Jerry Flanagan with FTCR.

AB 8, by Assembly Speaker Nunez, benefits insurers at the expense of Californians by requiring workers and taxpayers to pay for coverage but does not cap what insurers are allowed to charge. Under AB 8:

-- If the cost of coverage exceeds 5% of income, the worker is not

required to buy coverage but will be uninsured or under-insured (forced

to buy a high-deducible, low-benefit policy). Those that currently

receive coverage from their employer may not be able to afford that

coverage in the future.

-- If a worker earns below 300% of the federal poverty level, the worker's

share of coverage is capped at 5% and the remaining cost will be paid

by taxpayers with no regulation of how much insurers can charge.

The analysis includes contributions made by the top six health insurer and HMO donors -- Blue Cross, Blue Shield, PacifiCare, Molina, Health Net, Aetna - - as well as the Association of California Life and Health Insurers and the Association of California Health Plans:

Assembly: $1,258,873

Senate: $1,058,912

Dem/Rep Party: $1,056,747

Schwarzenegger: $719,600

TOTAL: $4,094,132

"Lawmakers are focused on the interests of the health insurance industry to the exclusion of consumers and workers, who will be required to purchase a private health insurance policy regardless of what it costs or covers under the emerging deal," said FTCR's Carmen Balber.

Legislation that would have required health insurers to defend their overhead and profit while getting approval for premium increases to regulate the insurance industry was defeated in the legislature in July. The legislation would have applied to health insurers the same requirements that apply to the auto insurance market and have saved drivers $23 billion since 1988.

The five California companies (Kaiser, Blue Shield, Blue Cross, PacifiCare, and HealthNet), that control 80% of the HMO market, have recorded profit increases of $11.7 billion since 2002. Four of the companies transferred $4.1 billion in profit to out-of-state parent companies since 2002. The six largest HMOs spent $1.6 billion on marketing in 2006.


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

Related medicine news :

1. Poor health care in Russia maybe causing Decline in its Population
2. Startling Expose – Physicians Often Have No Regular Source Of Health Car
3. Debate Rages over firing of HIV infected health care workers
4. Want a Healthy brew? Have some Tea!
5. Patient’s perception of health status helps in better recover
6. Antioxidants protect health tissue in people undergoing radiation therapy.
7. Sexual abuse affect health for a lifetime
8. Smoking a greater risk than HIV? Yes say health experts!!!!
9. Healthcare sector is now a multi billion-dollar industry in India
10. Exclusive breast-feeding advised for six months in infants recommends World Health Organization
11. How much can exercise improve health?
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/2/2016)... York, NY (PRWEB) , ... December 02, 2016 ... ... featuring an inspirational interview of two ostomy patients, standing as living proof that ... people suffer from digestive diseases and issues that spike around the holidays. This ...
(Date:12/2/2016)... ... December 02, 2016 , ... The PAINWeekEnd Regional Conference ... and Spa in Honolulu, offering local frontline clinicians the opportunity to extend their ... The demand for supplemental training related to pain management has surged dramatically in ...
(Date:12/2/2016)... , ... December 02, 2016 , ... "Pro3rd Accents Volume ... editors to create versatile lower third titles with just a few clicks of the ... Volume 2 includes 30 lower third animations. Choose from various styles with accented animations, ...
(Date:12/2/2016)... FL (PRWEB) , ... December 02, 2016 , ... ‘Tis ... are winners of $1,000 each from the National Family Partnership and the Drug Enforcement ... families who decorated their homes and the 10 winning schools who decorated their campuses ...
(Date:11/30/2016)... Beach Gardens, FL (PRWEB) , ... November 30, ... ... in eating disorder and mental health treatment has announced the opening of a ... provides specialized partial hospitalization and intensive outpatient treatment for adults and adolescents, both ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... 2016 Orthopedic Implants (Including Spinal Implants, ... to Gain a Significant Market Share Owing to a Large ... ... According to a new report by Persistence ... Packaging: Clamshell Product Type Segment Projected to Witness a Significantly ...
(Date:12/2/2016)... , Dec. 2, 2016   CytoSorbents Corporation ... commercializing its European Union approved CytoSorb ® cytokine ... surgery patients worldwide, announced that Dr. Phillip Chan ... 9th Annual LD Micro Main Event investor conference ... at the Luxe Sunset Boulevard Hotel in ...
(Date:12/2/2016)... On Thursday, the NASDAQ Composite ended the trading ... edged 0.36% higher, to finish at 19,191.93; and the S&P ... as six out of nine sectors ended the day in ... Services equities: Myriad Genetics Inc. (NASDAQ: MYGN ), ... Inc. (NASDAQ: INCR ), and La Quinta Holdings ...
Breaking Medicine Technology: