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LICONY OPPOSES GOVERNOR CUOMO'S PROPOSED 12 PERCENT SURCHARGE ON INPATIENT HOSPITAL RATES

 LICONY OPPOSES GOVERNOR CUOMO'S PROPOSED 12 PERCENT SURCHARGE
 ON INPATIENT HOSPITAL RATES
 NEW YORK, Dec. 2 /PRNewswire/ -- The Life Insurance Council of New York (LICONY) has announced its strong opposition to Gov. Cuomo's proposal to increase the inpatient hospital rate surcharge for those individuals who are insured by commercial insurance carriers. This proposal would increase the cost of hospital care for those insured by commercial insurance carriers by 12 percent.
 "While the Governor calls this tax a 'revenue-raiser,' in reality it is a tax on one of the most essential areas of an individual's life -- their health care. In other words, this sales tax is actually a 'sick' tax," said Peter Flanagan, president of LICONY.
 Those persons who are insured by commercial carriers must already absorb a 13 percent surcharge on inpatient hospital rates, a surcharge which is not paid by non-profit insurers.
 "This proposed tax does nothing more than add an extra financial burden on the sick and on businesses at a time when health care costs are already skyrocketing. The added expenses are likely to cause insurers to reconsider the financial viability of doing business in the state. As a result, health care consumers will have fewer choices when it comes to health insurance," continued Flanagan.
 LICONY maintains that they are sympathetic to the challenge of balancing a budget as large as New York State's, but not at the expense of the sick.
 The Life Insurance Council of New York is a trade association comprised of 64 domestic life insurance companies in New York state. A large percentage of the commercial health insurance and approximately 99 percent of the legal reserve life insurance in force in New York is accounted for by members of LICONY.
 -0- 12/2/91
 /CONTACT: Raymond A. d'Amico or Diane M. DeVito of Life Insurance Council of New York, 212-689-6820 or 518-436-8417/ CO: Life Insurance Council of New York ST: New York IN: INS SU:


SH-OS -- NY029 -- 8309 12/02/91 11:21 EST
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Publication:PR Newswire
Date:Dec 2, 1991
Words:331
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