In it, but not of it. TPM DC

Health Insurance Industry Weighs in on Baucuscare


First, the insurance industry doesn't much care for Baucus' plan to raise money by taxing and imposing fees on health care companies. Shocking, yes, but this is also Baucus' main source of new revenue, and you can't finance health care reform without new revenue.

Similarly, after successfully keeping the public option out of the proposal, Ignagni now says that the bill's proposal to create a weak system of co-operateives (a system which the CBO said would be ineffective) will "only result in a slower march to a government-run plan." In other words, any competition that has the tacit approval of the government is non grata.

At this point, it seems unlikely that either or these provisions will change too much as the bill moves forward. But it's still something worth keeping an eye on .

About The Author


Brian Beutler is TPM's senior congressional reporter. Since 2009, he's led coverage of health care reform, Wall Street reform, taxes, the GOP budget, the government shutdown fight and the debt limit fight. He can be reached at