January 6, 2011
Written by Sue · Filed Under Business, Health
2 Responses to “California Blue Shield Hits Customers With 59% Increase”
“Epstein added, “Rates are going to continue to rise unless the cost of medical care is brought under control. We need to reduce what we pay to hospitals, medical groups and pharmaceutical companies.”
Ahhh, how revealing it is that he doesn’t mention reducing CEO compensation or dividends paid to the greedy stockholders.
Sounds like it may be time for the health insurance companies to hear from President Obama and Ms. Sebelius again.
The stupid thing in all of this is the republicans’ claim that the ACA is the cause of these rate hikes when the truth is that these companies are trying to make as much money as they can before the ACA is fully implemented and has the opportunity to control some of the costs of healthcare and decrease their profits.
Hopefully now that Jerry Brown is the new governor he can and will put an end to these outrageous health care increases. This is disgusting and I hate that people are being victimized like this just to keep some type of insurance coverage. Heaven help these poor people. It is my understanding that the insurance companies do this primarily to those who have individual policies because they are the ones who can be mistreated this way. Someone should take action against California Blue Shield. This type increase is just evil.
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