Karen Ignagni, CEO of AHIP, the insurers’ lobby through which money was funneled.
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Today Bloomberg broke an eye-popping story on the true extent to which health insurers went to quietly undermine reform while publicly assuring us of their cooperation. See here where former insurance industry insider Wendell Potter predicted as much, that Big Insurance would employ front groups, third parties and scare tactics in order to maintain the failing status quo and keep Wall Street happy – all at the expense of 32 million uninsured Americans.
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By Drew Armstrong – Nov 17, 2010
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 insurance lobby, whose members include Minnetonka, Minnesota-based UnitedHealth Group Inc. and Philadelphia-based Cigna Corp., gave the money to the Chamber in 2009 as Democrats were increasing their criticism of the industry, according to one person who requested anonymity because laws don’t require identifying funding sources. 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.
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Filed under: In the news | Tagged: $86.2 million, Affordable Care Act, AHIP, American Health Insurance Plans, Chamber of Commerce, Health Care Reform, Karen Ignagni, Robert Zirkelbach, Tom Collamore | 1 Comment »