Given the importance of the new protections and the facts about their impact on costs, I ask for your help in stopping misinformation and scare tactics about the Affordable Care Act. Moreover, I want AHIP’s members to be put on notice: the Administration, in partnership with states, will not tolerate unjustified rate hikes in the name of consumer protections. "
The insurance industry is trying to remain solvent in a time when they are being forced into issuing policies with mandated coverages that expose them to more risk and exposure. The across the board "generic" policy coverage mandate will necessarily raise the cost of each policy - who does not understand this? (other than the White House) In a related article by Michael F. Cannon at Cato at Liberty he describes in more detail the impact the Affordable Care Act will have on several health insurers. He states "The Journal even included this handy chart, where the blue bars show how much ObamaCare will add to the cost of certain health plans in 2011."
What is alarming is that, instead of the White House understanding the impact of their Affordable Care Act and working with the industry to reduce the all-inclusive coverage demands of this act, they instead send a threatening letter basically telling the insurance companies to just SHUT UP about it!