Accounting Firm Admits Cost Savings Left Out Of Report Prepared For AHIP Report

[babylonsister]

So why should we believe anything they say?

http://tpmdc.talkingpointsmemo.com/2009/10/accounting-firm-admits-cost-savings-left-out-of-report-prepared-for-ahip-report.php?ref=fpb

Accounting Firm Admits Cost Savings Left Out Of Report Prepared For AHIP Report
Christina Bellantoni | October 13, 2009, 10:12AM


Accounting giant PricewaterhouseCoopers has issued a statement about the audit it performed for America's Health Insurance Plans (AHIP) that we have been following closely.

Most notable about the statement, issued late last night, is an acknowledgment the cost savings from the bill weren't included, though PWC points out that is noted on page one of the report.

Here's the statement in full:

America's Health Insurance Plans engaged PricewaterhouseCoopers to prepare a report that focused on four components of the Senate Finance Committee proposal:
*Insurance market reforms and consumer protections that would raise health insurance premiums for individuals and families if the reforms are not coupled with an effective coverage requirement.

*An excise tax on employer-sponsored high value health plans.
*Cuts in payment rates in public programs that could increase cost shifting to private sector businesses and consumers.
*New taxes on health sector entities.

The analysis concluded that collectively the four provisions would raise premiums for private health insurance coverage. As the report itself acknowledges, other provisions that are part of health reform proposals were not included in the PwC analysis. The report stated on page 1:

"The reform packages under consideration have other provisions that we have not included in this analysis. We have not estimated the impact of the new subsidies on the net insurance cost to households. Also, if other provisions in health care reform are successful in lowering costs over the long term, those improvements would offset some of the impacts we have estimated."

[Cant trust em]

1. They were hired to do a report that was not comprehensive by design. nt

[AllentownJake]

2. I wonder why these Accounting Firms are even still in business

Every single one of them has a Tax scandal where they were defrauding the IRS and every single one of them has a mass grave of former clients who went belly-up overnight with the auditors scratching their ass.

I seriously question the public good of any of the services they provide.

[malaise]

3. For fugg sake - PricewaterhouseCoopers?

They make the Fundie snake oil salesmen look honest.
Check their history and name one occasion when they sided with the decent among humanity.

[babylonsister]

4. Yes, their history is shaky at best...they were involved in

trying to keep cigarettes tax-free iirc.

It's all about who pays them the most to spew the lies.

[Romulox]

5. They also have a horrible, almost Ponzi scheme like employment structure

"Associates" are encouraged to work upwards of 80 hour weeks in hopes they will one day be able to become a wealthy partner (of course few do.)

[redqueen]

6. ...

:kick:

[redqueen]

7. And another...

:kick: