The White House Blog
So That’s Why They’re Raising Rates So Much …
Posted by Dan Pfeiffer on March 09, 2010 at 06:52 PM EST
If we enact health reform, it will restrict how much of your premium dollars can be spent on profits and overhead by requiring health insurance companies to spend 80-85% of the money they take in on care.
That’s worth keeping in mind. Because right after the Insurance companies announced huge rate increases for families across the country, they gathered at the luxurious Ritz Carlton in Washington to announce that they are spending $1 million on ads to defeat health reform.
That money could probably be better spent keeping rates down for customers.
Dan Pfeiffer is White House Communications Director