You Sure You Don’t Want National Health Care – Revisited
Last February I wrote an article here titled Are You Sure You Don’t Want National Health Care Coverage? At that time, I was alluding to the fact that in California an insurance company had put in a bid to raise insurance premiums 39%, and how another one was looking to raise it’s rate 346%.
This year it’s Blue Shield of California saying they’re going to raise their premiums 59%, and they say they’re still going to lose tens of millions on the deal. And it turns out there’s nothing the state can do because the Insurance Commissioner there doesn’t have the authority to stop it. Neither does the federal government at this time. Only with the Health Care Reform bill will insurance companies have to eventually justify, by July, any requested increase of more than 10%.
What’s interesting is that the insurance company is saying that this increase has nothing to do with the pending health care legislation or the new portion of the bill that came out stating that insurance companies had to pay between 80 and 85% of their premium revenue out in claims to medical providers. That’s nice, but if it’s the case then it seems the insurance company needs to review its overall policies and issues in the same way that the U.S. Postal System was told to do when they requested another increase in rates, only to be turned down because they didn’t have a plan for breaking even, let alone making a profit, even with the increase.
All this on the day when Republicans in the House of Representatives are wasting time having a repeal vote of the health care bill that they know won’t be overturned instead of trying to figure out ways to fix the portions they don’t like. I’m sorry people, but if you’re not a millionaire you’ve been lied to as far as what’s coming down the road with this health care bill. True, I’ve had some issues with it as well that I hope are addressed (actually, one was by the Supreme Court of Virginia), but it looks like insurance coverage in this country will eventually only be affordable by the very rich or by those in corporations making multiple millions or billions of dollars a year. And even those companies will possibly start paring down coverage.
So, I ask again here, early in 2011; are you sure you don’t want health care coverage?