Health care industry CEOs are analyzing their wins and losses in the bills being considered in Congress.
"The drug industry stands to gain in a health-care overhaul by getting tens of millions of newly insured customers, while insurance companies -- especially those that cater to the individual market -- look like they are in for a tougher time," The Wall Street Journal reports. Drug makers, pharmacies and hospitals all stand to benefit from the new customers because "[a]ll of them sometimes have to give away their services -- or lose business altogether -- because their customers don't have a way to pay under the current system. Insurance companies would get more customers, too, but not necessarily the ones they want. The Finance bill bars insurers from rejecting people because of pre-existing illness. And the committee weakened the requirement that all Americans carry coverage. Insurers also face the heaviest new taxes under the bill" (Adamy and Hitt, 10/19).
"The insurance industry and the Obama administration are increasingly at odds over key provisions in the [Finance] bill," USA Today reports. "Recent squabbles between the White House and the industry, which intensified over the weekend, underscore the potential pitfalls for Obama's broad plan to reshape health care. Insurers." During an appearance on ABC's "This Week" on Sunday, White House counselor David Axelrod said "[t]he insurance industry has decided now at the eleventh hour that they don't want to go along with this… We have a health care system now that functions very well for the insurance industry but not well for the customers." Karen Ignagni, president of America's Health Insurance Plans, says she stands by her commitment in March to end pre-existing condition rating and denials, but she also "said the Finance Committee bill doesn't go far enough toward requiring everyone to purchase health coverage" (Fritze, 10/19).