OBAMA LIED: CA Blue Shield Seeks 20% Premium Rate Hike – Aetna CEO Sees Obamacare Doubling Some Premiums
Do you remember when Obama promised that with his health care law you would see premiums fall by 3,000%?
It was a lie.
A very big and weird lie.
Today Blue Shield of California announced it would call for a 20% rate hike on some individual policyholders. The company expects higher costs from an influx of new customers under the federal healthcare law in 2014.
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%.
Some consumer advocates and healthcare economists say Blue Shield shouldn’t be raising rates that high when it has stockpiled so much cash. The company’s surplus is nearly three times as much as the Blue Cross and Blue Shield Assn. requires its member insurers to hold to cover future claims.
“Blue Shield is sitting on a huge surplus that is beyond what is required or necessary,” said Laurie Sobel, a senior attorney for Consumers Union in San Francisco. “It should be used to hold down rate increases when it hits these extraordinary levels.”
California officials can take into account an insurer’s amount of surplus, among many other factors, when determining whether they think a rate increase is reasonable. Both the California insurance commissioner and the state Department of Managed Health Care are reviewing the company’s proposed premiums, but neither agency has the authority to reject changes in rates…
…The company also expects higher costs from an influx of new customers under the federal healthcare law in 2014.
The Lord has placed a strong burden on my heart for the nation of Israel and the Jewish people. The anti-Semitism and anti-Zionism throughout the world is growing rampantly, and the public is not being told the truth about Israel.
At the same time, Islam is an enormous threat to the West, and because of political correctness, most will not address its dangers. In all honesty, the Hard Left and Islam have united and are using one another because they both share the same hatred for America, Israel, and Christianity. As Christians, we must hate Islam, but not have hate in our hearts for Muslims. They are totally deceived by an evil religion which has them bound by its lies, hatred, and intolerance. We must also remember that most Muslims were born into their evil religion and know nothing else. Jesus has love in His heart for the Muslim people, so He expects the same from us.