PatekPhilippe
Senior Member
Anthem Blue Cross customers got a shock this week when the health insurer informed thousands of individual policyholders that their premium rates will jump as much as 39 percent on March 1.
"There aren't any other parts of our society where people have no regard for inflation rate and increase their prices this much. I can't imagine anything in the world that's going up 39 percent," said Josh Libresco, 54, of San Rafael, as he grappled with the news that his family premium will go from $858 per month to $1,192 - and that's with a $5,000 deductible.
Anthem Blue Cross raises premiums
and here is what you embiciles still refuse to see....beyond your left winger talking points about the "evil insurance companies".
Hospital costs are rising to compensate for less days patients spend there which was one of THE ORIGINAL COST CONTROL MEASURES to keep insurance premiums low!!!!
http://content.healthaffairs.org/cgi/reprint/11/2/100.pdf
Then we have this....
That's nearly 67% of the costs!!!! Medical devices account for another 25%!!!! This adds up to more than 90% of medical costs and they raise their prices many times a year! So what do insurance companies do...they raise their premiums.Nearly half of all healthcare costs in 2007 were due to labor compensation; prescription drugs accounted for 10 percent and program administration 7 percent.
What is Driving Rising Healthcare Costs? — The American, A Magazine of Ideas