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ABC Asks if Insurance Premium Hikes are 'Legal'
Business and Media Institute ^ | 02/17/10 | Anthony Kang

Posted on 02/17/2010 3:23:43 PM PST by 198ml

Following the White House’s lead, “Good Morning America” criticized insurance companies on Feb. 17 going so far as to insinuate they might be breaking the law by raising premiums.

“Now to the outrage over skyrocketing health insurance premiums, some Americans covered by Anthem Blue Cross were recently hit by a whopping 39 percent rate increase. President Obama called out Anthem and a congressional hearing on this big rate hike is coming next week, but in the mean time regulators are trying to determine if rate hikes like this are even legal,” George Stephanopoulos said.

Those rate hikes averaging around 24 percent but as high as 39 percent could impact about 800,000 individual policyholders in California.

Health and Human Services Secretary Kathleen Sebelius, the White House and Congress have demanded Anthem Blue Cross provide a detailed justification for the rate increases.

Likewise, GMA demanded to know why. Its onscreen headline read: “Tough Questions to Insurance Company: Can They Justify Big Rate Hikes?”

(Excerpt) Read more at businessandmedia.org ...


TOPICS: Business/Economy; Government; News/Current Events; US: California
KEYWORDS: abc; anthem; insurance; wellpoint
'Good Morning America' focuses on outrage from Obama, consumers over rate increases.
1 posted on 02/17/2010 3:23:43 PM PST by 198ml
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To: 198ml

Are tax hikes legal?


2 posted on 02/17/2010 3:24:38 PM PST by wac3rd (Felipe Calderon supports the public option.)
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To: 198ml

Only if approved by the Government. They control the rates. A little known tidbit of information. The Government already controls all the Health Insurance.


3 posted on 02/17/2010 3:25:17 PM PST by screaminsunshine
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To: 198ml

THERE WE GO!!

FINALLY PROOF THAT THEY HAVE NO CLUE WHAT OUR CONSTITUTION STANDS FOR

YOU CAN DO NOTHING UNLESS YOU ARE ALLOWED BY THE GOVT, INSTEAD OF THE OTHER WAY AROUND


4 posted on 02/17/2010 3:41:52 PM PST by Mr. K (This administration IS WEARING OUT MY CAPSLOCK KEY!)
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To: 198ml

Wow - just another ploy by the Obamamites to make the country think that we have to pass this health care bill. Never Let A Good Crisis Go To Waste as they say!

Same thing happened when he was running for President. All of a sudden gas prices skyrocketed and all heck broke loose.

Who’s pulling the strings? I know, but does the country know?


5 posted on 02/17/2010 3:50:06 PM PST by jcsjcm (American Patriot - follow the Constitution and in God we Trust - Laus Deo)
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To: Mr. K

In most states insurance is a highly regulated industry. Rate hikes are often conditioned on approval from a state agency or commissioner’s office.


6 posted on 02/17/2010 3:56:47 PM PST by Comstock1 (You can't have Falstaff and have him thin.)
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To: 198ml

Is the All Barack Channel legal?


7 posted on 02/17/2010 4:23:15 PM PST by webschooner
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To: 198ml

They can only increase rates if the state Insurance Commissioner give approval.

The idiots don’t realize that insurance companies are ALREADY regulated by government.


8 posted on 02/17/2010 4:27:38 PM PST by autumnraine (You can't fix stupid, but you can vote it out!)
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