Thursday, August 20, 2009

Senate Health Care Deal May Guarantee Huge Co-pay to Benefit Insurance Company Profits

According to Business Week, the Senate Finance Committee is negotiating an eye popping deal with UnitedHealth, requiring you and me to pay a huge co-pay, one that could bankrupt us or make health care unaffordable. An incredible give-away demonstrating once again who the Senate is really representing.

MSNBC's Keith Olbermann asked former Cigna executive Wendell Potter what effect it'll have on everyone.

Business Week wrote this:
"In late spring, the Finance Committee was assuming a 76% reimbursement rate on average, meaning consumers would be responsible for paying the remaining 24% of their medical bills, in addition to their insurance premiums ... UnitedHealth colleagues urged a more industry-friendly ratio. Subsequently the committee reduced the reimbursement figure to 65%, suggesting a 35% contribution by consumers—more in line with what the big insurer wants. The final figures are still being debated."

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