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Mon Feb 4, 2013, 11:51 AM

Californians brace for Anthem Blue Cross (double digit) rate hikes

Californians brace for Anthem Blue Cross rate hikes

SACRAMENTO, Calif. (KGO) -- If you thought your health insurance costs were high already, think again. Anthem Blue Cross Health Insurance is hitting hundreds of thousands of customers with a double digit rate increase starting Saturday

As expected, consumer advocates are outraged and customers are stuck with skyrocketing bills and shrinking benefits.

Tama Greenberg was dreading the start of February when her health insurance premium with Anthem Blue Cross would skyrocket from $635 a month to nearly $800.

...

Consumer groups, though, point out the Standard and Poor's Healthcare Economic Indices found the rate of inflation in the industry slowed to five percent last year, questioning the need for double digit increases.

"I think what Anthem Blue Cross has just done is a perfect example of why we need to have rate regulation in California," said Richard Holober with the Consumer Federation of California.

http://abclocal.go.com/kgo/story?section=news/politics&id=8977686

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Reply Californians brace for Anthem Blue Cross (double digit) rate hikes (Original post)
The Straight Story Feb 2013 OP
PasadenaTrudy Feb 2013 #1
SHRED Feb 2013 #2
KamaAina Feb 2013 #3
thetonka Feb 2013 #4
SHRED Feb 2013 #5
Le Taz Hot Feb 2013 #6

Response to The Straight Story (Original post)

Mon Feb 4, 2013, 12:03 PM

1. My Blue Shield

is going up by $72..can't wait until ACA kicks in next year.

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Response to The Straight Story (Original post)

Mon Feb 4, 2013, 12:04 PM

2. A provision in Obamacare...

...says that any double digit increase must be submitted to the state for approval. Has that not taken affect yet?

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Response to SHRED (Reply #2)

Mon Feb 4, 2013, 12:14 PM

3. Probably not until next year

like most of the rest of the ACA. So Anthem is grabbing the gusto.

In any case, all that means is we'd get 9.9 percent increases every year.

Also, if it were any other type iof insurance, they would have to go t6o the insurance commissioner. Just not health insurance.

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Response to KamaAina (Reply #3)

Mon Feb 4, 2013, 12:26 PM

4. Just because there is a provision making them get approval doesn't mean they won't get it.

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Response to The Straight Story (Original post)

Tue Feb 5, 2013, 12:05 AM

6. Hey! I just found an advantage to

NOT having insurance -- my rates can't go up! Silver lining and all that.

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