Accounting Firm Admits Cost Savings Left Out Of Report Prepared For AHIP Report

[kpete]

Source: Talking Points Memo

Accounting Firm Admits Cost Savings Left Out Of Report Prepared For AHIP Report
Christina Bellantoni | October 13, 2009, 10:12AM


Accounting giant PricewaterhouseCoopers has issued a statement about the audit it performed for America's Health Insurance Plans (AHIP) that we have been following closely.

Most notable about the statement, issued late last night, is an acknowledgment the cost savings from the bill weren't included, though PWC points out that is noted on page one of the report.

..................

The analysis concluded that collectively the four provisions would raise premiums for private health insurance coverage. As the report itself acknowledges, other provisions that are part of health reform proposals were not included in the PwC analysis. The report stated on page 1:

"The reform packages under consideration have other provisions that we have not included in this analysis. We have not estimated the impact of the new subsidies on the net insurance cost to households. Also, 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."



statement in full:
http://tpmdc.talkingpointsmemo.com/2009/10/accounting-firm-admits-cost-savings-left-out-of-report-prepared-for-ahip-report.php?ref=fpblg



Read more: http://tpmdc.talkingpointsmemo.com/2009/10/accounting-firm-admits-cost-savings-left-out-of-report-prepared-for-ahip-report.php?ref=fpblg

[ixion]

1. If you had an accountant that gave you bad numbers like this

you would dump the accountant post-haste.

[Zenlitened]

2. Translation: "We lied to you. We knew we were lying all along"

"But we did it anyway, figuring we could manipulate your brain and you'd never get around to reading past the headline, anyway.

Because we're sociopaths. That's how we roll."

[clixtox]

3. Pay the piper, call the tunes... N/T

[change_notfinetuning]

4. Accounting standards are what got us into many recent messes. They just

aren't what they used to be.

[earcandle]

8. The laws and regulations are still there. They just aren't enforcing them. Pigs.

[KansDem]

5. Let me see if I understand this...

We have essentially a war going on between the American people and corporations. The GOP and their pimps the health insurance industry have been spewing lies (i.e., "death panels") in order to put the kibosh on any kind of meaningful health-care reform. Now we find out that those individuals in Congress who have been gallantly pursuing true health-care reform, i.e., the public option, have been fed misinformation and disinformation from supposedly "reputable accounting firms" in battling the GOP/CEOs. So people like Alan Grayson, Barney Frank, and the rest have been doing battle on two fronts: Outright lies, i.e., FOX News, and dis/misinformation, i.e., PricewaterhouseCoopers.

Do I have this correct?

[BadgerKid]

6. Hmmm... GOP-driven misinformation....

where might I have heard that before in recent memory? Oh yeah. Pretty much all of the 21st century thus far.

[earcandle]

9. You got it baby. Now what to do?

[liberal N proud]

7. Will they be embarrassed on FAUX, CNN, NBC, CBS and ABC?

I am sure it will be top story for the day.


NOT!


:sarcasm:

[earcandle]

10. take this you destroyers of nations... and your people too!

http://www.earcandleproductions.com/HOLRunTab.mov

[AlexDeLarge]

11. So when is PriceWaterCloset going to go the way of

Arthur Anderson? What a despicable company to hide behind the fine print. Shame on them. Another sell-out to a fellow corporation. What an "independent" auditing company.

[high density]

12. I think PricewaterhouseCoopers is going to regret taking the insurance cos' money for this study.

Selling their name for this farce of a report seems like an incredibly stupid thing to do.

[damntexdem]

13. The equivalent in sports reporting.

"The football scores under consideration have other provisions that we have not included in this analysis. We have not reported the impact of the touchdowns that the other team has scored. Also, if other successful efforts at field goals were considered, those points would offset some of our team's scoring we have reported."

Using this type of reporting, UCLA must be on its way to another national championship this season. ;-)