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Anthem to raise some premiums as much as 25%
LA Times ^ | Jan 30, 2014 | Chad Terhune

Posted on 01/31/2014 7:04:07 AM PST by Innovative

Thousands of Anthem Blue Cross individual customers with older insurance policies untouched by Obamacare are getting some jarring news: Their premiums are going up as much as 25%.

These increases, 16% on average, are slated to go into effect April 1 for up to 306,000 people — unless California regulators persuade the state's largest for-profit health insurer to back down.

Amid the fury last fall over canceled health policies, consumer advocates and state officials warned people that holding onto grandfathered policies purchased before the federal healthcare law was enacted in 2010 wouldn't shield them from significant rate hikes.

(Excerpt) Read more at ...

TOPICS: Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: anthem; anthembluecross; healthcare; healthinsurance; insurancepremiums; medicalcare; obamacare; obamacareinsurer; obamacareinsurers; ratehikes
Welcome to Obamacare -- the insurance companies have to make up what they may lose under Obamacare...
1 posted on 01/31/2014 7:04:07 AM PST by Innovative
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To: Innovative

because the average American household has LOTS of spare change to pay higher insurance premiums And DEDUCTIBLES!

Now HARRY REID - bring on those patriotic TAX INCREASEs!

2 posted on 01/31/2014 7:07:19 AM PST by silverleaf (Age takes a toll: Please have exact change)
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To: Innovative

Those insurance companies have money that could be used to buy Democrat votes. They have employees who could become Democrat-voting government employees.

3 posted on 01/31/2014 7:10:33 AM PST by blueunicorn6 ("A crack shot and a good dancer")
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To: Innovative
"I'm fed up with this company," Walter Warner said. "This degree of increase is unjustified."

Ummmm...sure, Walter. Just try to find something cheaper. That's what happens when the "free market" is heavily regulated.

Just remember, Walter, you probably voted for this.

4 posted on 01/31/2014 7:29:18 AM PST by HarleyD ("... letters are weighty, but his .. presence is weak, and his speech of no account.")
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To: HarleyD

Just got a letter from them....20% increase starting 1April14. Lovely. And here we were, sitting around wondering what to do with our a new water heater as the old one is unreliable? Buy a new refrigerator as the old one is an energy hog? Put away money to save for a newer car, as the old one needs expensive repairs?

Guess not, why waste money on stuff like that when we can piss it away for the insurance company’s 20% increase?

5 posted on 01/31/2014 7:58:40 AM PST by OldArmy52 (The question is not whether Obama ever lies, but whether he ever tells the truth.)
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To: OldArmy52

20% increase? I would settle for that.

My retiree policy went from 0 deductible to $1500 deductible.

How am I going to pay for that on a fixed income?

6 posted on 01/31/2014 9:23:55 AM PST by jimtorr
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