Health Insurers Secretly Paid Chamber $86.2M to Kill Healthcare Reform
November 17, 2010
(ChattahBox US News)— Not that this is a surprise, but it’s shocking nonetheless. Bloomberg News is reporting that a number of major health insurance companies poured $86.2 million into a media campaign to kill the healthcare reform bill. The money was secretly paid to America’s Health Insurance Plans, a leading industry group that then deposited the millions into the coffers of the U.S. Chamber of Commerce.
While health insurers and the AHIP led the Obama administration to believe they were on board with reforming the health insurance system, they spent millions behind the scenes to weaken the final bill, with the hopes of outright killing it. And of course, they haven’t given up, as health insurers back the effort by Republicans to repeal the healthcare law and, or challenge it in court to declare it unconstitutional.
“Health insurers last year gave the U.S. Chamber of Commerce $86.2 million that was used to oppose the health-care overhaul law, according to tax records and people familiar with the donation.” [...]
“The Chamber of Commerce received the money from the Washington-based America’s Health Insurance Plans when the industry was urging Congress to drop a plan to create a competing public insurance option.”
“The spending exceeded the insurer group’s entire budget from a year earlier and accounted for 40 percent of the Chamber’s $214.6 million in 2009 spending. The expenditures reflect the insurers’ attempts to influence the bill after Democrats in Congress and the White House put more focus on regulation of the insurance industry.”