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May 27, 2012
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Jon Gruber

NYT Blog Says PWC's Study Is 'Industry Report,' While It Omits Dem Pedigree of Economist Disputing It

By Tom Blumer | October 13, 2009 | 09:52

Let's see. A Big 4 independent public accounting firm vs. the Democratic Party's go-to health care economics guy. Who has more presumptive credibility?

It's more than a little offensive to see the people whose party gave us entitlement programs with multitrillion-dollar unfunded liabilities (Social Security and Medicare), pension plans that are completely unsustainable (the federal government and many states), and year-over-year budget increases that almost always dwarf inflation -- in other words, people with absolutely no record of financial credibility on matters big and small -- go after Big 4 accounting firm PricewaterhouseCoopers and its "industry-funded" study on what would happen to insurance premiums under the BaucusCare iteration of ObamaCare with the eager assistance of their media apparatchiks.

Understand this: When PwC prepares a report for the health insurance industry projecting, in the Wall Street Journal's words, that "the Senate Finance Committee’s big health-care bill would raise health insurance premiums by thousands of dollars a year," one can be confident that it is based on exhaustively researched and thoroughly reviewed work.

Here's the whiny Democratic reaction to the firm's report:

  • Tom Blumer's blog
  • 9 comments
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