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:10/13/2017)... ... ... Lori R. Somekh, founder of the Law Office of Somekh & Associates ... special needs planning attorneys. “Membership in ElderCounsel helps our office remain up to date ... elder law attorneys nationwide,” said Somekh. , ElderCounsel was founded by ...
(Date:10/13/2017)... ... October 13, 2017 , ... Global Healthcare Management’s 4th ... Park in Milford, NJ. This free event, sponsored by Global Healthcare Management’s CEO, ... The fun run is geared towards children of all ages; it is a non-competitive, ...
(Date:10/13/2017)... ... October 13, 2017 , ... “America On The Brink”: the Christian history ... The Brink” is the creation of published author, William Nowers. Captain Nowers and ... WWII veteran, he spent thirty years in the Navy. Following his career as ...
(Date:10/12/2017)... ... October 12, 2017 , ... IsoComforter, Inc. ( https://isocomforter.com ), ... of an innovative new design of the shoulder pad. The shoulder pad provides ... while controlling your pain while using cold therapy. By utilizing ice and water that ...
(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:9/28/2017)... , Sept. 28, 2017 Hill-Rom Holdings, ... 2017 earnings conference call and webcast on Friday, November ... a.m. (EDT) and ending at approximately 8:30 a.m. (CDT) ... discussing the company,s 2017 financial performance and guidance for ... opportunities, initiatives to enhance operational performance, and long-range financial ...
(Date:9/25/2017)... AMSTERDAM , Sept. 25, 2017   ... Trial Master File solutions, today—from the IQPC Trial ... Amsterdam , NL)—announced that EastHORN Clinical Services ... its clinical programs and TMF management. EastHORN, a ... Montrium,s eTMF platform to increase transparency to enable ...
(Date:9/22/2017)... 2017 AVACEN Medical (AVACEN) announced that its ... helping those with the widespread pain associated with fibromyalgia ... in Essex, England commented, "I ... experiencing no sleep at all, tremendous pain, with every ... recommend [the AVACEN 100] enough, how this has and ...
Breaking Medicine Technology: