Blue Cross Group Blasts Health Reform Legislation
Premiums will rise up to 50 percent for individual policies and 19 percent for small group plans if healthcare reform passes, a new report released by a major health industry trade group claims.
Sponsored by the Blue Cross Blue Shield Association (BCBSA) and conducted by Oliver Wyman Inc., the report faults reform legislation for lacking a strong individual mandate. Requiring healthy Americans to purchase reform would help offset costs for the millions of people with health problems who would purchase insurance policies under the new system, the study finds.
Sponsored by the Blue Cross Blue Shield Association (BCBSA) and conducted by Oliver Wyman Inc., the report faults reform legislation for lacking a strong individual mandate. Requiring healthy Americans to purchase reform would help offset costs for the millions of people with health problems who would purchase insurance policies under the new system, the study finds.
