WellPoint CEO; Public Option Not An Option
WellPoint CEO Angela Braly told the Economic Club of Indiana today that it was time to reform health care and not just health insurance.
Braly said she providing more people with coverage without getting costs under control will only make the system worse. She said pointed to the Massachusetts plan where coverage was expanded however cost increased.
She said that 30% of health care spending is wasted and that insurance companies support making sure everyone has insurance and that individuals with pre-existing conditions can be pooled with other high risk customers.
Braly also said she opposes a public option, in part, because insurance companies would be competing with the same entity which regulated them.
Braly spoke to reporters shortly after he speech. You can hear those remarks below.
