Since passage of the Affordable Care Act, health insurance companies have begun laying the groundwork to blame Democrats for the increased health care costs that they plan to impose on consumers. Last Tuesday, CIGNA CEO David Cordani told Neil Cavuto that health care premiums will continue to increase despite the new health care law. And in an interview with Charlie Rose, Aetna CEO Ron Williams said that his company also plans to jack up rates:
ROSE: Will insurance premiums go up?
WILLIAMS: The answer is yes, and some of the things that will drive those premiums are significant additional taxes the industry will ultimately have to pay in the first year.
Williams is lying. In fact, the health care law does not tax insurance issuers until 2014. Moreover, as Igor Volsky writes, insurers are disingenuously trying to point the fingers at hospitals and doctors to avoid a conversation about their own failed efforts to control costs while raking in profits.