This is what we have to look forward to, folks. No price controls. An individual mandate and increases prices.
http://updates.pressherald.mainetoday.com/updates/anthem-seeks-229-percent-rate-increase-in-maineAnthem seeks 22.9 percent rate increase in Maine
Submitted by The Associated Press on Thu, 01/07/2010 - 09:49
in Central Maine Newspapers Portland Press Herald
PORTLAND — Anthem Blue Cross and Blue Shield of Maine has proposed a 22.9 percent rate increase for two health insurance plans targeting individuals.
The filing comes as Anthem awaits a judge's ruling on an earlier rate case. Maine Insurance Superintendent Mila Koffman last spring denied Anthem's proposed 18 percent rate hike for its individual insurance plans. Instead, she approved a revised request for a 10.9 percent increase, which provided for a zero percent profit margin.
The new filing focuses on the same two products that provide coverage for 11,066 Mainers.
Greg Howard from Maine Changes That Works, which advocates health care reform, says it "boggles the mind" that Anthem would file for another increase before the last one was settled.
BTW some great comments at the end of this article:
Submitted by carrier Wood on Thu, 01/07/2010 - 17:16.
No doubt that Anthem already knows the outcome of the upcoming health care Bill in Washington.There is nothing like betting on a sure thing--there will be no cap on premiums increase.
The people are stuck between a rock and hard place . If the National Bill is enacted, the forcing -the -uninsured -to- buy, new business will go to companies like Anthem.
If ther Bill fails, it's business as usual. All that will be gained are a few crumbs,and certainly not a cap on rates. That was not included by the lobbyists who wrote the whole Bill.