Obama admin. demands justification for health insurer’s 39 percent rate hike
source: http://rawstory.com/2010/02/blue-cross-hikes-calif-individual-rates-39-percent-obama-admin-d...
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- bansheewail
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It's an issue that strikes at the core of America's health reform debate: How much should one have to pay to ensure their health care needs are met?
Now take that price and inflate it by up to 39 percent -- just to get a feel for what it is like to be one of roughly 800,000 Anthem Blue Cross customers in California who hold individual policies.
The company said its dramatic rate hike would take effect on March 1.
State regulators almost immediately promised to investigate the increase. Then, on Monday, the Obama administration got involved.
Now take that price and inflate it by up to 39 percent -- just to get a feel for what it is like to be one of roughly 800,000 Anthem Blue Cross customers in California who hold individual policies.
The company said its dramatic rate hike would take effect on March 1.
State regulators almost immediately promised to investigate the increase. Then, on Monday, the Obama administration got involved.
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- groups:
- US Politics
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- tags:
- News and Politics, Obama, California, Insurance, 1 more
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bansheewail
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"Anti-trust" laws are not just a play on words in this case.
- 2 years ago
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bansheewail
