
The White House is touting a new report from the typically conservative Business Roundtable, which has some kind things to say about health care reform proposals making their way through Congress.
"A new report released today by the Business Roundtable underscores what experts and businesspeople have told us all along - comprehensive health insurance reform is one of the most important investments we can make in American competitiveness," President Obama said in a statement.
And indeed, the report does have some kind things to say about current legislation. But it isn't wholly positive. "The current proposals are missing some ingredients needed to drive the type of system-wide change that can "bend the future trend" significantly and permanently," the report reads.
Specifically, it pushes back against the public option: "Structuring a public plan option with payments equal to or slightly greater than Medicare rates risks exacerbating current cost shifting," pushing up costs for private plans and driving employers out of the employer-based system. "In light of the significant risks to private health insurance coverage associated with a public plan and the expected availability of competitive options through the exchanges, the potential savings from reductions in federal spending could have the adverse impact of significantly raising private health plan costs for employers and employees."
It should be noted that the public option plans in Congress are not tied to Medicare rates, and would be negotiated directly with providers.
The report also objects to the excise tax on high-end health insurance plans, and touts the potential savings to businesses of medical liability reform, which isn't part of the plans in Congress.
So, yes, the plan does applaud certain aspects of the legislation--and by comparison to the harsh appraisal you'd expect from the Chamber of Commerce, the Roundtable's report is quite positive. But you're as likely to see it cited by reforms opponents as by the administration and Democratic leaders.
Stroszek
November 12, 2009 1:40 PM
Drudgelicious headline, but as you note later on, neither bill has a PO tied to Medicare rates.
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Xantar
November 12, 2009 1:42 PM
So to summarize the report: It will drive up costs for private insurers because the public option will be too successful and too many people will want it.
Oh the horror!
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Powkat
November 12, 2009 6:59 PM in reply to Xantar
gotta keep those cost up if you're gonna keep the private plane and the gold plated cutlery. Just like Wall St. the really good CEOs will go bye-bye for less that $10 million.
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mikedrevguy
November 12, 2009 7:24 PM in reply to Xantar
But if there's no provision for folks to opt out of their current employer based policy and opt in to the PO, then - - - - regardless of the success, folks who want in, won't be able to. as I understand the situation.
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jzap
November 12, 2009 1:47 PM
Yes, it shoud be. So why didn't you?
No it doesn't. It would have been pushing back against a robust PO, but it says nothing about the weakened PO that actually passed the House. When you say, "the public option," it implies that there's just one, or at most just one that fits the context.
Whatever News Factory you bought this story from -- you should ask for a refund.
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The Commenter Formerly Known as NCSteve
November 12, 2009 2:09 PM
Reaching.
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Stephanie Hunter
November 13, 2009 11:39 AM
I'd rather they point out examples of what they are proposing is already working on a smaller scale. Like this: http://cli.gs/23yYaM/
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