WellPoint Delays Increase
Apparently, Anthem Blue Cross plans to delay their premium increases until May 1. Outside experts plan to review the filing and confirm the company is in compliance with state laws. Before we continue, read the below from Health Secretary Sebelius.
Health and Human Services Secretary Kathleen Sebelius said Thursday "It remains difficult to understand how a company that made $2.7 billion in the last quarter of 2009 alone can justify massive increases that will leave consumers with nothing but bad options. High healthcare costs alone cannot account for a premium increase that is 10 times higher than national health spending growth."
I want to know more about the outside firm conducting the investigation. The review will mean shit if there are biased, special interest ties to the health insurance market. Health care costs are out of control, partly due to reckless mofos like Anthem Blue Cross.
I am going to keep a close eye on this story, because the outcome might pave the path for other reckless insurers to increase their rates again! Also, members and employers need to know that they do have a choice. Kick Anthem to the curb, do NOT put up with this shit.