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AHIP Prez To Report Skeptics: 'This Is A World-Class Firm'
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On a conference call with reporters a few minutes ago, AHIP president and CEO Karen Ignagni addressed skeptics of the new PriceWaterhouseCoopers report her group commissioned and released last night.
"This is a world-class firm with a stellar reputation," she said.
Ignagni said AHIP had its own "sophisticated modeling capability" in-house, and contracted with PWC for a second opinion on the numbers AHIP has been projected "for months" during the creation of the Baucus health care bill.
The PWC audit "confirms what we were seeing in our own analyses," she said.
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JohnMcCSF
October 12, 2009 1:41 PM
I can't believe that Jon Cohn at TNR let her snow him
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Lycurgus
October 12, 2009 2:26 PM
PWC isn't doing itself any favors by participating in an analysis for the public where the commissioner has such influence over what will and won't be considered.
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jzap
October 12, 2009 2:50 PM in reply to Lycurgus
AHIP obviously didn't pay PWC enough money. If they had, they could have bought an AAA rating for their report, just like those CDO and CDS sellers did.
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hallam
October 12, 2009 3:17 PM in reply to jzap
Well I for one won't put much faith in a Price-Waterhouse audit from now on. Clearly the company has decided to replace Arthur Andersen as the auditor who will say anything it is paid to say.
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Micheline
October 12, 2009 2:43 PM
PwC is not credible. According to Ezra Klein PwC wrote a report on behalf of the tobacco industry:
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northern virginia
October 12, 2009 3:34 PM
"This is a world-class firm"="We have a lot of money to spread around"
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Kevin
October 12, 2009 8:47 PM
I am not really shocked at this. I think it is to be expected and actually confirms for me that the Finance committee is "on to something". The insurance companies would not panic like this and PWC would not involve itself unless they felt something real was about to happen.
This is just like GWB before every election "raising the threat level" - "vote for me or your Country will be bombed". Same stuff, different group. Ignore it and encourage your elected officials to keep up the fight for what is right. Support universal healthcare.
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