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SITWAP: Blue Shield of California seeks rate hikes of as much as 59% for individuals

Posted by James Bond (aka Igor) (aka Igor) Jan 6 '11, 14:08

Insurer says the increases result from fast-rising healthcare costs and other expenses resulting from new healthcare laws. The move comes less than a year after Anthem Blue Cross tried and failed to raise rates as much as 39%.

All BS.

http://www.latimes.com/health/healthcare/la-fi-insure-rates-20110106,0,6975599.story (www.latimes.com)

Responses:

All I have to say is.. Obama better deliver. If the premiums aren't lower (for the same coverage) then I will be pissed. - James Bond (aka Igor) Jan 6, 14:15 13
- certainly not in the California high-risk pool. -- nm - y kant pixie read Jan 6, 14:23
- You have to look longer term than that. It was never intended to have a short term effect of lowering premiums. - pmb Jan 6, 14:23
- I thought the purpose of the healthcare bill was to extend coverage, not reduce healthcare costs -- nm - Roger More Jan 6, 14:21 6
  - Over the long term it is supposed to bend the cost curve by limiting increases. - TWuG Jan 6, 14:24 4
    - [deleted] 1
      - This is true. Though one side has economists making the claim and the other side has self-interested parties making the claim. -- nm - TWuG Jan 6, 15:00
    - Sure, but the immediate impact was to provide healthcare coverage to a big chunk of the one-sixth of Americans that didn't have it - Roger More Jan 6, 14:34
    - I'm going to break into your house and steal your valuables. It's for your own good though because a better criminal could come along later if I don't - Loyola Jan 6, 14:31
  - strike that. reverse it. -- nm - y kant pixie read Jan 6, 14:22
- I thought the republicans have ruled it unconstitutional or some such? -- nm - Spawn Jan 6, 14:17
- Weren't you anti-health-care-reform when it was being discussed? -- nm - ty97 Jan 6, 14:16 1
  - No, I don't think I posted anything anti about it. -- nm - James Bond (aka Igor) Jan 6, 14:18
- if the premiums are lower for the same coverage, you're getting paid less. - TFox Jan 6, 14:16
Why do you say BS? If multiple companies in CA are doing it, doesn't it suggest they have a shortfall at the moment? - TFox Jan 6, 14:14 14
- If all the companies are doing it... then where will the members go? Are you saying the new law sucks so BAD that companies need to raise their rates - James Bond (aka Igor) Jan 6, 14:17 13
  - They just keep it up until no one can buy insurance any more, then the gov't has to step in and create a state run plan. Problem solved! -- nm - Mop (214 lbs) Jan 6, 14:59
  - you think the 59% is all because of the law? there's no way. -- nm - TFox Jan 6, 14:18 11
    - They make it seem so. -- nm - James Bond (aka Igor) Jan 6, 14:20 10
      - They can claim it as their reason, but it's not. -- nm - Kim Pine Jan 6, 14:20 9
        
        Yeah, they are just raising it because they want to. -- nm - James Bond (aka Igor) Jan 6, 14:22 8
        
        World reality #1: Insurance companies for fucking evil liars. -- nm - ty97 Jan 6, 14:25
        
        [deleted]
        
        it is scary how little you know about how this stuff works. -- nm - TFox Jan 6, 14:23 5
        
        So from 2009-2010 to 2011, they costs will go up 59%? -- nm - James Bond (aka Igor) Jan 6, 14:26 4
        
        Well first, your numbers are wrong. In aggregate, its not 59%. It's 30-35%. - TFox Jan 6, 14:30 1
        
        And to my second point, they state that right in the article. - TFox Jan 6, 14:33
        
        They'll tell you that. - Will Hunting Jan 6, 14:30 1
        
        yup. -- nm - Kim Pine Jan 6, 14:30
They've got to raise rates now because the new law, once it goes into effect, will limit increases. They're - TWuG Jan 6, 14:12
Any proof that the Obamacare is going to hurt them is shown in this "let's get ours while we still can" mentality. -- nm - Will Hunting Jan 6, 14:11 1
- no, it's not going to hurt them. but they're still going to try to get as much as they can before they are "forced" to accept mandated payments -- nm - y kant pixie read Jan 6, 14:12
all for the greater good - ty97 Jan 6, 14:10 3
- (Blue Shield of California is a non-profit.) -- nm - TFox Jan 6, 14:15 2
  - Interesting, I did not realize any parts of Blue Shield were NFP anymore -- nm - ty97 Jan 6, 14:20 1
    - the large majority of the blue cross blue shield association is non-profit. - TFox Jan 6, 14:20
they try for 59% and hope for a compromise of 40% -- nm - Epiphany Jan 6, 14:10

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SITWAP: Blue Shield of California seeks rate hikes of as much as 59% for individuals

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