Quote – Independent Insurance Agents and Brokers of America statement, Washington, D.C.

A public plan would be unfairly matched against private plans and according to a 2009 Lewin Group Study, if the public plan’s reimbursement rates are similar to Medicare, an estimated 119 million people will shift from private insurance to the public plan. Within years, private insurers could be driven out of business and a “Single Payer System” will evolve. Moreover, an improperly constructed employer mandate could have a devastating impact on main street businesses that would be saddled with a significant economic burden.

Independent Insurance Agents and Brokers of America statement opposing a bill titled “the Affordable Health Choices Act” as introduced by Sen. Edward M. Kennedy (D-Mass.), Washington, D.C.

Wednesday, June 10, 2009