Insurance companies blast Cruz-Lee Amendment to Senate health care bill

by **Turtleneck** 2017-07-15, 11:30

In a letter sent to Cruz and Lee today, Blue Cross Blue Shield Association CEO Scott Serota warns that the proposal is “unworkable as it would undermine pre-existing condition protections, increase premiums and destabilize the market.”

America’s Health Insurance Plans additionally is circulating a memo that raises similar concerns about the individual insurance market.

“Unfortunately, this proposal would fracture and segment insurance markets into separate risk pools and create an un-level playing field that would lead to widespread adverse selection and unstable health insurance markets,” reads the AHIP memo.
http://www.politico.com/story/2017/07/12/ted-cruz-mike-lee-health-plan-insurers-react-240462

In addition to the above, a Friday letter from the CEO of BCBS and America's Health Insurance Plans to Senate leadership basically said the amendment would make a disaster out of health care. https://www.scribd.com/document/353803476/Joint-AHIP-BCBSA-Consumer-Freedom-Option-Letter#from_embed