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 latimes.com ...
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!
Those insurance companies have money that could be used to buy Democrat votes. They have employees who could become Democrat-voting government employees.
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.
Just got a letter from them....20% increase starting 1April14. Lovely. And here we were, sitting around wondering what to do with our money.....buy 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?
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?
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