Obama say that his health care plan will reduce the deficit. Obama said we can keep our own health insurance and doctor. BULL!! Obama is destroying our present healthcare system in order to promote his government option plan. Insurance premium will rise, many insurance companies will fold, and good doctors are leaving or limiting their practice. These are the attributes of Obamacare.
(LA TIMES) Another one of California’s largest health insurers has stunned individual policyholders with news of huge rate increases -- this time it’s Blue Shield of California seeking hikes of as much as 59% for tens of thousands of customers March 1.
Blue Shield’s plan comes less than a year after Anthem Blue Cross tried and failed to raise rates as much as 39% for about 700,000 California customers.
San Francisco-based Blue Shield said the increases were the result of fast-rising healthcare costs and other expenses resulting from the new healthcare laws passed last year.
Blue Shield said the cost of health coverage is being driven up by large hospital expenses, doctors' changes and prescription drug prices. Blue Shield spokesman Tom Epstein said other factors also contributed to three increases in five months.
On Oct. 1, he said, Blue Shield imposed increases averaging 18%, and reaching as high as 29%. Those hikes had been delayed for three months while state regulators examined Blue Shield’s filing, costing the company tens of millions of dollars.
Epstein said Blue Shield raised rates again Jan. 1 to pay for reforms under the national healthcare overhaul and a new state law that bars insurers from charging women more than men. (Some policyholders will pay less under the state gender law, while others will pay more.)
A third round of hikes scheduled for March 1 comes in response to rising healthcare costs, he said. Those increases will average 6.5% and be as high as 18%.
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