Best Health Care In The World

So Anthem, which is owned by Wellpoint, set a firestorm of controversy in California when they announced individual policy rate hikes of 39%. Now other states are being targeted by Anthem. Like Maine. No reports yet on Anthem raising rates in Connecticut From the AP:

Consumers in at least four states who buy their own health insurance are getting hit with premium increases of 15 percent or more — and people in other states could see the same thing.
Anthem Blue Cross, a subsidiary of WellPoint Inc., has been under fire for a week from regulators and politicians for notifying some of its 800,000 individual policyholders in California that it plans to raise rates by up to 39 percent March 1.
The Anthem Blue Cross plan in Maine is asking for increases of about 23 percent this year for some individual policyholders. Last year, they raised rates up to 32 percent.
And in Oregon, multiple insurers were granted rate hikes of 15 percent or more this year after increases of around 25 percent last year for customers who purchase individual health insurance, rather than getting it through their employer.
Premiums are far more volatile for individual policies than for those bought by employers and other large groups, which have bargaining clout and a sizable pool of people among which to spread risk. As more people have lost jobs, many who are healthy have decided to go without health insurance or get a bare-bones, high-deductible policy, reducing the amount of premiums insurers receive.
Steep rate hikes in this sliver of the insurance market — about 13 million Americans, as of 2008 — have popped up sporadically for years. Experts see them becoming increasingly common.

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  • Kurm Udgeon

    They already raised the rates in Connecticut. We must be rich, because no one made even a public whimper when that happened. They will do it again, especially when Oxford/United absorbs Healthnet. Pretty soon there will only be one company offering take it or leave it healthcare. Weren’t we supposed to be the insurance capital of the world?

  • Sick of trial lawyers

    Mission accomplished for the trial lawyers who win multi-million dollar judgements again physicians who are forced to practice defensive medicine and the brain-dead jurors who award big $$$ settlements. No wonder law school enrollments are at an all-time high.

  • sonoresident

    Do you really think that this problem is trial attorneys? economists estimate that at most medical costs attributed to “defensive medicine” and law suits/settlements. It’s nice to believe that the costs of health care are primarily abuses by self-serving attorneys but that’s like believing that if we cut the waste out of govt spending than the budget. Note: most States already have laws limiting med. malpractice cases

  • OLD TIMER

    Read up on medical malpractice statistics. Less than 1/2 of one per cent of patients file malpractice claims and only a small percentage of claims result in awards. The horror stories about the enormous cost of medical malpractice claims are circulated by doctors, as are the stories of enormous premiums. Most of the doctors ordering expensive “defensive” diagnostic procedures own the testing companies or the laboratories and blame lawyers for the extra expense, rather than admit their own profit motive. Most medical malpractice insurance companies are owned and operated by doctors and run very efficiently. Doctors who don’t generate claims get big rebates on premiums. Most builders/developers pay more, as a percentage of gross business, for insurance than doctors. Malpractice insurance is not as cheap as it once was, but it was very cheap back when nobody ever questioned a doctor’s judgement. The big overhead in any medical practice today is paperwork.

    Certainly there are lawyers that make a business out of filing claims against doctors and hospitals. There are extremely rare big awards that get enormous publicity (because they are so unusual). Some claims are justified and victims deserve big awards, but none of them add a significant amount to the national cost of health care.

  • BLARNEY SKANK

    Next time you need open heart surgery, call a lawyer to do it.