Insurance Companies Issue Report Claiming Increased Costs

On the eve of a vote on the Senate Finance Committee bill, insurance companies, which had originally supported Pres. Obama's drive to reform health care, have issued a report claiming that insurance costs will rise if reform is passed more than they would rise if it were not passed. Reform would add about $1,700 to a family of four's annual insurance costs by 2013; in ten years it will have added $4,000. Scott Mulhauser, a spokesman for Democrats on the Finance Committee, said: "This report is untrue, disingenuous and bought and paid for by the same health insurance companies that have been gouging consumers for too long. Now that health care reform grows ever closer, these health insurers are breaking out the same tired playbook of deception. It’s a health insurance company hatchet job."

You can see read more on the report here and you can read the report here.