Why Wouldn't Insurance Companies Cut Costs Exactly the Same Way?

Particularly since insurance companies are more concerned with the bottom line?

Pressed on whether he himself believed the legislation calls for “death panels” to recommend hospice instead of treatment for the elderly, Giuliani said,

“The only way in which you can save money the way the president and the House claims is by reducing care. So it is natural that some people would believe, particularly since they have these provisions for end-of-life decision-making councils, that it is natural that people would suggest that one of the ways you would do that is to cut off care for the elderly. Whether they will do that or not I don’t know. … People assume these Death Panels will be created.

By the way:

There are no “end-of-life decision-making councils” in any of the legislation in Congress. The only end-of-life provisions is in the House bill and it would allow Medicare to pay doctors for voluntary counseling sessions that address end-of-life issues. Additionally, the Senate Finance Committee has ruled out any such provisions.

Yeah, no could have ever predicted that the right would completely freak out over health care reform and make up all sorts of wild shit to scare the people away from it.