This one is just incredible.
California's largest for-profit health insurer is moving to dramatically raise rates for customers with individual policies, setting off a furor among policyholders and prompting state insurance regulators to investigate.
Anthem Blue Cross is telling many of its approximately 800,000 customers who buy individual coverage -- people not covered by group rates -- that its prices will go up March 1 and may be adjusted "more frequently" than its typical yearly increases.
The insurer declined to say how high it is increasing rates. But brokers who sell these policies say they are fielding numerous calls from customers incensed over premium increases of 30% to 39%, saying they come on the heels of similar jumps last year.
Look at that, a Medical Doctor is going to have a tough time paying those premiums.
The Obama administration is now calling out the gouging.
Wellpoint owns Anaheim Blue Cross and last Q4 2009 profits were $2.7 billion.
Meanwhile TV is a monotone stream of ads for expensive drugs, loaded with side effects, while studies show they are no more effective than older, cheaper drugs and in the case of anti-depressants (inundating you with messages that magic pills will give you an instant family, a dog and a home with an ocean view), are no more effective than placebo.
When is the oh so obvious American people ripoff going to stop?