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Author Topic: 1.5 Million Californians To See July 1 Health Insurance Premium Increases, Some  (Read 822 times)

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Offline Freeper

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1.5 Million Californians To See July 1 Health Insurance Premium Increases, Some
« on: June 28, 2011, 05:16:46 PM »
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Donnachaidh Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jun-28-11 05:30 PM
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1.5 Million Californians To See July 1 Health Insurance Premium Increases, Some As High As 92.5%, St
   
http://www.consumerwatchdog.org/newsrelease/15-million-...

Santa Monica, CA -- More than 1,500,000 Californians will face health insurance premium increases on July 1 averaging 3% to 17.4%, according to state filings. Some patients with Aetna small business plans will see premium increases as high as 92.5%. California insurance regulators need the power to protect consumers and deny such steep rate increases when they are found to be excessive or unjustified, said Consumer Watchdog.

AB 52 (Feuer) would require a health insurance company to get approval from the elected insurance commissioner before a health insurance rate hike takes effect -- subjecting health insurance rates to the same strict rate regulation that auto, homeowners and other insurance companies already comply with in California. The bill will be heard in the California State Senate Health Committee Wednesday afternoon. The majority of states have the power to reject unreasonable premium hikes, but not California.

“This is an urgent life and death issue for those Californians who face premium hikes Friday as high as 92% because California is one of the few states without premium regulation,” said Consumer Watchdog president Jamie Court. “Californians will continue to be held hostage by profiteering health insurance companies if the legislature does not grant the elected insurance commissioner the power to stop arbitrary and unnecessary premium hikes.”

In recent years, health insurance policyholders in California have seen repeated massive rate hikes like those set to take effect Friday, even as medical inflation has been fairly low. Consumer Watchdog noted that these skyrocketing rates have coincided with ever-increasing profits for insurance companies. According to Aetna's rate filing, the insurer's 2011 companywide rate of return is projected to be 24.8%.

More at the link --
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http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x1379727

I could have sworn 0bama said the Affordable Health Care Act was going to lower premiums in all 57 states.

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Johonny Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jun-28-11 05:39 PM
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1. on the other hand we can't raise taxes on rich people
   
to balance our budget. What a magical state California is.

Damn that GOP governor Moonbeam.  :lmao: :lmao:

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progressoid Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jun-28-11 06:09 PM
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4. USA! USA! USA!
   
Best healthcare in the WORLD!

Of course this chowderhead is being sarcastic. Tell me something, if our health care is so horrible, why is it leaders of countries with single payer come here to get treatment? Must be because Castro won't grant them visas to go to Cuba.  :whatever:





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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.

Online jukin

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Re: 1.5 Million Californians To See July 1 Health Insurance Premium Increases, Some
« Reply #1 on: June 28, 2011, 05:24:17 PM »
Yes, this is due to kalifornia leading the way with a super regulated/mandated health care INSURANCE system.

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When you are the beneficiary of someone’s kindness and generosity, it produces a sense of gratitude and community.

When you are the beneficiary of a policy that steals from someone and gives it to you in return for your vote, it produces a sense of entitlement and dependency.

Offline GOBUCKS

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Re: 1.5 Million Californians To See July 1 Health Insurance Premium Increases, Some
« Reply #2 on: June 28, 2011, 05:28:32 PM »
Quote from: Freeper on June 28, 2011, 05:16:46 PM
Tell me something, if our health care is so horrible, why is it leaders of countries with single payer come here to get treatment?
They do, unless they can't. I wonder how Yugo is enjoying rotting away in a dirty Havana hospital room, in tropical heat with no air conditioning, with a shortage of painkillers, and a couple bowls of rice a day?

Cuba has only one truly world-class hospital, but it's inside the wire at Guantanamo.
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