Health industry shot itself in the foot with their last minute healthcare reform pressure

Now that the Senate Finance committee approved of the healthcare reform bill, health industry's desperate plan to put pressure on the healthcare reform have backfired and may have damaged their reputation and trust with the public:

Jon Gruber, an MIT economist who helped design Massachusetts' universal health care system, told the New York Times Wednesday that the industry report is "deeply flawed":

Mr. Gruber, who helped Massachusetts with its effort to provide universal health insurance coverage, said that the industry report failed to take into account administrative overhead costs that he said will “fall enormously” once insurance polices are sold through new government-regulated marketplaces, or exchanges.

And Mr. Gruber said that the PricewaterhouseCoopers report failed to take into account government subsidies that would be provided to help moderate-income Americans purchase insurance.

PricewaterhouseCoopers acknowledged in its report that it did not factor in the effect of those subsidies.