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Author: telegraph Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757652  
Subject: Health surprise for CA folks Date: 12/13/2012 8:59 AM
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Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums.

In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.

The insurer said its medical costs for this segment of the business grew 10.6% and what it actually pays is rising 12.5% after adjusting for its portion after customer deductibles. The state's largest for-profit health insurer, Anthem Blue Cross, cited a similar jump in medical costs in seeking rate hikes as high as 25% for some individual policyholders, effective in February.

Blue Shield said its reserve has grown at a slower pace since its pledge last year to limit profits to 2% of annual revenue

http://www.latimes.com/business/la-fi-blue-shield-rates-2012...


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Heh heh....if they are like TX, they ask for 20-25% and only get 15%.....

but, Obama and the lib drones...what did you expect with gold plated mandates and of course, that 'free' contraception? Someone is going to pay for that....




t.
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