Price Waterhouse Walks It Back
In the wake of the criticism over the accuracy of the AHIP-financed report from Price Waterhouse yesterday, it looks like the accounting firm is trying to do some damage control:
PricewaterhouseCoopers, the authors of AHIP’s report, put out a statement last night that basically said, “Hey, we weren’t paid to evaluate the effects of the entire bill, but rather a small slice of it.” The statement only seems to reinforce critics’ view that the report is skewed precisely because it doesn’t take into account the totality of reform. PWC’s report estimates that insurance premiums will rise faster under the proposed reforms than under the current system.
The last, and key, line from the statement: “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.”
Via Memeorandum.
In other words, PWC is saying if reform’s cost containment measures work, their estimate could be wrong.
8 Responses to “Price Waterhouse Walks It Back”
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I'm not going to join the low-IQ crowd howling in shock or childish outrage about this report, just speculate about the public relations effect (and how it may have caused a backfire, in favor of the Baucus legislation) as well as the obvious timing consideration. Obviously the more tame Dems (Senate Dems) have faced insurer opposition, so it means the House may be moved to play even rougher (and be more extreme) than it has been, currently. The public option remains alive so far.
No DLS, you're definitely in a league of your own.
Yes, it seems his reponse to many things this week has been…
“I'm smarter than you are.”
This week?
Propitious mirror talk, Steve. Did you do any kicking again? [chuckle]
LOL!
Just think, DLS, without the pompous-ass predicate phrase about low IQ degenerates like me and our howling at the kitchen sink as we drool uncontrollably on our bibs, you actually made a point that folks might have found interesting.
“speculate about the public relations effect (and how it may have caused a backfire, in favor of the Baucus legislation)”
Anyway, speaking only for myself, I've been called worse…and enjoyed it.