Two revealing comments from Aetna CEO Ron Williams in an interview with BusinessWeek out now:
Will insurance premiums go up?
The answer is yes, and some of the things that will drive those premiums are significant additional taxes the industry will ultimately have to pay in the first year.
The President said that this bill would not have any impact on people who already had coverage, that it was about the uninsured, that there would be no change. Will this legislation change the coverage of people who are already paying for it?
My perception is, yes, things will change. You might not have a plan that includes the exact same doctors. You might have plans that have richer benefits, and therefore you’re going to pay more for benefits you may or may not want. It would have been a better message to say, we’re going to make certain you maintain your eligibility.
Higher premiums, and your plan may change, even if you like it as it is. Basically, the health-care bill is set to deliver the exact opposite of what President Obama promised.
Everybody, sing along! “All statements from Barack Obama come with an expiration date. All of them.”