Wednesday, June 22, 2011

McKinsey Health Insurance Report Attracts Controversy

American politicians are finally getting the courage to tackle entitlement spending. For months Congress has been the scene of political theater on par w/the Greek tragedy playing out in Europe.

The latest installment in the political saga comes courtesy of McKinsey, the giant consulting firm that recently published a report that under ObamaCare, 1/3 of all US employers would drop health care coverage. The findings have resulted in a media frenzy by the insurance industry and Congress. Questions over the methodology, sample size, and types of questions are being raised.


The bottom line: Entitlement spending is a vaunted pillar of political spending. But it is coming under increasing attack by budget hawks. A recent survey by McKinsey has thrown more fuel to the fire. For now, there are more questions than answers.
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