We need the U.S. government providing health insurance, without the need to earn a profit, paid for by taxes and/or really low premiums. Instead of the insurance companies paying for procedures, the government will, just like Medicare. Everything should be covered at 100%, including dental, no deductible, and very little or no co-pays.
aetna - 32% Was getting ready to contact HR to make sure that was correct... sounds like I don't need to.
Anthem Rate Hikes Just Tip Of Iceberg - Premiums Going Way Up In Six More States Christina Bellantoni | February 18, 2010, 7:00AM Health and Human Services Secretary Kathleen Sebelius today will release a new report showing more dramatic health insurance premium increases are proposed in Connecticut, Maine, Michigan, Oregon, Rhode Island and Washington. Keying off the Obama administration's recent probe into a planned 39 percent rate hike from Anthem Blue Cross in California, Sebelius will detail large increases in six other states and say that given record insurer profits, health care reform has never been more urgent. At 11:30 a.m. today, Sebelius will release the report, obtained by TPMDC and titled "Insurance Companies Prosper, Families Suffer: Our Broken Health Insurance System." It finds that Anthem's rate increase (now delayed until May) is "not unique" and that experts say premiums will keep rising. The report quotes National Association of Insurance Commissioners officials predicting the nation will "see rate increases of 20, 25, 30 percent." "These massive increases are disturbing examples of the problems that make reforming our health insurance system more important than ever," the report states. http://tpmdc.talkingpointsmemo.com/...s-going-way-up-in-six-more-states.php?ref=fpa
Are you really surprised? Is there anything in California that is not fucked up? From todays WSJ.......... Democrats and their media allies have found a new insurance piñata: WellPoint and its recent health-premium price increases in California. This spat deserves more attention, because its real lesson is what will happen to health insurance costs around the country if ObamaCare passes. WellPoint's California unit, Anthem Blue Cross, recently informed nearly 700,000 individual insurance customers of premium increases of up to 39%. President Obama jumped on the announcement, claiming in a pre-Superbowl TV interview that the hikes were a "portrait of the future if we don't do something now." Health and Human Services Secretary Kathleen Sebelius quickly piled on by ordering a federal inquiry, claiming a company that made "$2.7 billion in the last quarter of 2009" could not "justify massive increases." Senate Majority Leader Harry Reid ripped WellPoint and other "greedy insurance companies that care more about profits than people." And right on cue, House baron Henry Waxman scheduled a hearing, where he will not blow kisses. He ought to subpoena California's political class because Wellpoint's rate hikes are the direct result of the Golden State's insurance regulationsâthe kind that Democrats want to impose on all 50 states. Under federal Cobra rules, the unemployed are allowed to keep their job-related health benefits for 18 to 36 months. California then goes further and bars Anthem from dropping these customers even after they have exhausted Cobra. California also caps what Anthem can charge these post-Cobra customers. Most other states direct these customers to high-risk pools that are partly subsidized, but California requires the individual market to absorb the customers and their costs. Even as California insurers have had to keep insuring these typically older and sicker patients, the recession has driven many younger, healthier policy holders to drop their insuranceâleaving fewer customers to fund a more expensive insurance pool. This explains why Anthem lost $58 million in California on its post-Cobra customers in 2009. If WellPoint didn't raise premiums amid these losses, it would soon be under assault from its shareholders, if not out of business. This episode is a preview of the adverse selection that would happen nationwide if ObamaCare passes. The Democratic bills would control what insurers could charge and force them to take all comers, regardless of health status. These burdens were supposed to be made tolerable by requiring all Americans to buy insurance or face a penalty. Yet when this "individual mandate" proved to be unpopular, Congress watered it down so that younger customers would be able to pay the penalty knowing they can wait until they're sick to pay the more expensive premiums. The only way an insurer can make up for these higher costs is to raise premiums. This is precisely what WellPoint predicted would happen when it released a detailed actuarial study in October showing that insurance costs would soar for millions of Americans under ObamaCare. The White House hasn't forgotten that study, or forgiven WellPoint for releasing it, which may explain the force of its current attacks. As for WellPoint's profits, $2.2 billion of WellPoint's $2.7 billion fourth-quarter earnings came from the one-time sale of a subsidiary. After one-time items, WellPoint earned $2.92 billion last year, compared with $2.86 billion a year earlier. Anthem's profit margins are in line with its two largest nonprofit competitors in the state; its net income on a per-member-per-month basis in 2008 was $12.62, compared to Blue Shield's $13.22 and Kaiser's $18.45. Anthem last year hired an independent actuarial firm that found its rates sound and necessary. The company presented its findings to California insurance commissioner Steve Poizner last November, who had a month to review the proposed increases and never objected. But recently amid the White House campaign, Mr. Poizner has joined the chorus claiming to be "skeptical" of the increases and demanding that Anthem postpone them while he conducts a review. Anthem has done so. Mr. Poizner is a Republican running for governor, which proves that health-care political opportunism can be bipartisan.
This man try to"deconstructs" the health care debate AND what the Liberty counsel lobby group try to tell people. For another point of view. Interesting they way he show some lies from the Liberty counsel. This is part 2. http://pleasecutthecrap.typepad.com...-lies-on-the-health-insurance-billpartii.html
I'm just going to throw this out there because I haven't seen it postulated elsewhere. Against the backdrop of all the pending healthcare "reform", is this not just a convenient cover for what could possibly be some seriously ailing health insurance companies that may or may not have been seriously damaged by the collapse in the markets back in 2008? Does anyone have any insight into what these companies invest in to be able to cover claims AND support the massive salaries of the executives? I read about any number of life insurers that were literally up the creek at the lows of the market last year, but didn't see much mention of the health insurers. Just curious.
Pay an increase in insurance premiums...or pay an increase in taxes should the government takes over. (the remaining health care they don't already control) Never actually tried it myself but I'm confident that getting fucked in the ass = getting fucked in the ass. If you, the consumer/tax payer are on the receiving end anyway. Does it really make that much difference who is performing the penetration? I heard recently that 1/4 to 1/3 of all US federal entitlement expenditures are wasted in the bureaucratic process of administering and dispensing the entitlements. Anyone got sources of accurate numbers? If true, is that better or worse than the insurance companies?
Well all those new doctors,etc.. graduating with huge college tuition loans need to charge more to make up for the debtload. And that chart looks scary, eventually a college degree will cost 1 million dollars for a doctor. Guess what, your insurance rate is going to go sky high cause no one is going to blow many years of thier life and have to live in a shack due to 1 million in loans. So you will pay.