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In response to
"This is where my concern lies over any for-profit insurer. Their primary job is to maximize return for shareholders."
by
ty97
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Yeah, we only dealt with individual members, so I'm not sure if groups (through work) faced the same increases. Another thing we learned was
Posted by
Stephen (aka Sceire)
Nov 3 '11, 14:43
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That evn though there is a requirement that .80 of every dollar they collect in premiums goes to actual healthcare, the only one who can take action against them if they violate that (in California at least) is the State's Insurance Commissioner; individual members can't sue them for violating that requirement.
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