Industry rallies behind ObamaCare, again

If you actually believed President Obama when he claimed his health-care bill was an assault on the special interests, you should read this piece in California HealthLine:

 

One group continues to remain quiet on repeal: the health industry.
If anything, health insurance companies, device manufacturers, and many provider associations have strong financial motives to keep PPACA in place — and the sector continues to put its lobbying dollars where its pocketbook is….
There’s limited evidence that the industry would benefit from repealing reform — and a lot of data suggesting that PPACA will be a boon to the sector’s bottom line.
Hospitals are expected to benefit from the law’s expansion of health insurance coverage. Insurers are seizing on new opportunities in the individual market.
Even some of the law’s more fearsome provisions aren’t turning out as the health sector feared. CMS’ proposal to create accountable care organizations — which providers originally viewed as draconian, given restrictions on payment and potential risk — was toned down and made significantly more industry-friendly when the agency finalized the program last month.

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