Insurance Group Says Senate Plan Underestimates Family Costs By $4,000

October 12, 2009

The Washington Post reports in a front page story that after "months of collaboration on President Obama's attempt to overhaul the nation's health-care system, the insurance industry plans to strike out against the effort on Monday with a report warning that the typical family premium in 2019 could cost $4,000 more than projected" under the plan sponsored by Sen. Max Baucus. Industry officials "said they intend to circulate the report prepared by PricewaterhouseCoopers on Capitol Hill and promote it in new advertisements. That could complicate Democratic hopes for action on the legislation this week." Meanwhile, Administration officials, "who spent much of the spring and summer wooing the insurers, questioned the timing and authorship of the report, which was paid for by America's Health Insurance Plans (AHIP), an industry trade group."