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  Topic: California’s Blue Shield
Seeks Up To 20% Rate Hikes
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California’s Blue Shield
Seeks Up To 20% Rate Hikes

PJ Media, by Bryan Preston

Original Article

Posted By:KarenJ1, 12/13/2012 11:32:58 AM

ObamaCare was supposed to stop this sort of thing, wasn’t it? That’s how Pelosi, Obama et al sold the law, but its plain effect has been to hike taxes and rates. Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums. In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.

Comments:
Every day another lie is exposed about the travesty that is 0bamacare. I´m so sick of the corrupt liars in Washington. My one little vote sure didn´t make any difference that´s for sure.

      


Post Reply  

Reply 1 - Posted by: Feebie, 12/13/2012 11:36:40 AM     (No. 9063470)

Seeeeee. I tooolllddd-djaah!

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Reply 2 - Posted by: Bill the Cat, 12/13/2012 11:38:38 AM     (No. 9063477)

LOL!!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: miceal, 12/13/2012 11:44:21 AM     (No. 9063494)

I so DO NOT CARE what happens to Kalifornia...

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Reply 4 - Posted by: lazyman, 12/13/2012 11:47:46 AM     (No. 9063501)

You will when we all have to bail them out!

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Reply 5 - Posted by: jalo1951, 12/13/2012 11:50:08 AM     (No. 9063504)

Dec. 31st will be the last day my husband and I are covered by health insurance. My employer will not pay any more toward my premiums. My part would have been $400 a paycheck. When you work as a support staff member of a school you get screwed. The teachers pay 4 cents for the same policy that they want me to pay $400 for. I don´t make enough to afford $800 a month. We are four years out from Medicare. If something major comes up we are in a heap of trouble. We were told this was a direct result of obamacare.

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Reply 6 - Posted by: GoDeacs79, 12/13/2012 11:58:16 AM     (No. 9063520)

But Barry said premiums would decrease 3000%.

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Reply 7 - Posted by: horacer, 12/13/2012 12:00:58 PM     (No. 9063525)

I´m surprised it´s only 20%. Private insurance is circling the drain.

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Reply 8 - Posted by: trackman999, 12/13/2012 12:02:54 PM     (No. 9063533)

My letter from Blue Cross informing me of the rate increases said " Due to circumstances beyond our control", is code for obamacare.

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Reply 9 - Posted by: jimboendaatl, 12/13/2012 12:30:42 PM     (No. 9063591)

Could not have happened to a more deserving state.

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Reply 10 - Posted by: earlybird, 12/13/2012 12:40:25 PM     (No. 9063612)

Does anyone really believe that something like this happening in California will not have a ripple effect throughout all of the Blue Cross entities across the country? Limited vision.

“Reserves are needed to ensure our members’ claims can be paid no matter what,” said Blue Shield spokeswoman Lindy Wagner. “We need them to protect against uncertainties like a pandemic or another crisis.”

The company also expects higher costs from an influx of new customers under the federal healthcare law in 2014.

“It’s a once-in-a-lifetime change in the healthcare market that will bring a lot of volatility, and we need higher reserves for that,” Wagner said.


Conditions like those are not limited to California. Heads in sand won´t keep increases like this from happening elsewhere if it works out in California.

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Reply 11 - Posted by: miceal, 12/13/2012 12:44:41 PM     (No. 9063628)

If you voted for the "one" you deserve this and so much more. If you didn´t vote for him, I feel your pain...

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Reply 12 - Posted by: Delilah, 12/13/2012 12:57:56 PM     (No. 9063656)

And here´s another surprise from Obamacare: I went in for physical therapy yesterday only to find out that there is now a $1880/year cap on Medicare payments. So this calendar year I can go wild up to $1880 but next year I´m restricted to that amount for the whole year. Thank you O.

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B-G1


 
Reply 13 - Posted by: KTWO, 12/13/2012 12:59:11 PM     (No. 9063660)

I believe ObamaCare is going to illustrate the adage "Wait til it´s free, you won´t be able to afford it".

That $3.9b reserve sounds like a lot for a non-profit. But it may be justified.

These increases aren´t confined to one company or to California. People are going to drop out, then government will somehow have to force them back in.

Sounds like the Godfather script.



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Reply 14 - Posted by: Eheu Fugaces, 12/13/2012 1:12:31 PM     (No. 9063685)

At least Blue Shield is still in California. However, if the 60% Democrat freeloading population keeps up the pressure, they might decamp and leave the state altogether, leaving the "free stuff" crowd to find "free" insurance elsewhere.

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Reply 15 - Posted by: JonR, 12/13/2012 1:27:30 PM     (No. 9063717)

Obama and his minions has been selling us lies and a boatload of crap since day one. The disparity between this man´s words and deeds is absolutely astounding and yet half the American public continues to support him. The old saying that you elect politicians you deserve seems to be very appropriate for United States nowadays.

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Reply 16 - Posted by: Jethro bo, 12/13/2012 1:29:49 PM     (No. 9063720)

The very basics of insurance are that the company has the funds to meet a catastrophe. The funds are not to subsidize goobernment mandates. This is no different than requiring people to buy unaffordable health insurance and the goobernment forcing people to use their savings to pay for it. Savings are not there to support goobernment programs but to insure cash during crises. But then the idea of our goobernment to take money from those that have and give it to those that don’t.

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Reply 17 - Posted by: earlybird, 12/13/2012 1:51:25 PM     (No. 9063757)

Meanwhile, this just in from Aetna:

Health insurance premiums may as much as double for some small businesses and individual buyers in the U.S. when the Affordable Care Act’s major provisions start in 2014, Aetna Inc. (AET)’s chief executive officer said. While subsidies in the law will shield some people, other consumers who make too much for assistance are in for “premium rate shock,” Mark Bertolini, who runs the third-biggest U.S. health-insurance company, told analysts yesterday at a conference in New York.

http://www.bloomberg.com/news/2012-12-12/aetna-ceo-sees-obama-health-law-doubling-some-premiums.html

And posted at LCom:

http://lucianne.com/thread/?artnum=715497

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R_DBL_B
  


 
Reply 18 - Posted by: Videodrone, 12/13/2012 3:09:59 PM     (No. 9063847)

yeah, and my wife´s PAP and Mammogram which used to be a CO-pay and minimal lab fees was over $700!

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