Health Insurance Premiums Going Up Double Digits As Government Solutions Fail AgainSubmitted by Doug Eberhardt on Sun, 01/06/2013 - 17:33
If this doesn't make your blood boil, I don't know what will. An article today from CNBC states Health Insurers Raise Some Rates by Double Digits.
In California, Aetna is proposing rate increases of as much as 22 percent, Anthem Blue Cross 26 percent and Blue Shield of California 20 percent for some of those policy holders, according to the insurers' filings with the state for 2013. These rate requests are all the more striking after a 39 percent rise sought by Anthem Blue Cross in 2010 helped give impetus to the law, known as the Affordable Care Act, which was passed the same year and will not be fully in effect until 2014.
I thought Obamacare was called "The Affordable Care Act?" What happened to the "affordable" aspect to Obamacare? I thought insurance companies were supposed to be giving rebates?
The CNBC article goes on to say;
Particularly vulnerable to the high rates are small businesses and people who do not have employer-provided insurance and must buy it on their own.
Is this going to help small businesses prosper? Will they be hiring more employees now? Good job government! You not only through Congress give us more taxes for everyone with the latest fiscal cliff negotiations, but you have most of us pay more through insurance companies charging more. Don't expect this not to affect everyone who has coverage through their employer either.
In March of 2010 I wrote an article called Health Care Reform Didn't Work for Romney and Won't Work For Obama - Here's What Will Work offering solutions to American's health insurance crisis as outlined below.
A 5 Step Plan Is All That Is Needed To Reform Health Care Reform
You don’t need 2,400 pages to reform Health Care! Just do these 5 things…