The state's largest insurer has been approved to raise health premium rates by 41 percent to 47 percent for some of its policies sold to individual buyers, in the largest price hikes yet seen in Connecticut since the adoption of national health care reform.A letter from the insurance company to the CT AG contained this snippet:
For all of its individual market plans, Anthem Blue Cross and Blue Shield has received approval to raise rates by at least 19 percent -- including a range of 30 percent to 44 percent for the brand of plans in the individual market that was most popular in 2009, Century Preferred.
The reason for the increases is the new federal health reform mandates, according to Anthem and the state Department of Insurance, which is defending its approval against charges by Attorney General Richard Blumenthal. Those reforms took effect Sept. 23.
In all, the Anthem individual plans were in use by 55,536 people in the state as of April 2009, the latest figures available, according to Insurance Department documents. The rate requests were approved without change last month by the Insurance Department.
"The rates that were filed and approved reflect the current cost to deliver care and the impact of more comprehensive benefit designs required under the federal healthcare reform law. If the attorney general wants to complain to someone, he should be complaining to Congress.I wonder if Kathleen Sebelius will deep-six the company as she has threatened of others. For the umpteenth time, remember when Nancy Pelosi - simultaneous holder of the dual titles of Speaker of the House as well as Dimmest Bulb of the House (we're in the best of hands folks!) - said that "we need to pass the bill so you can find out what's in it"?
Well we're finding out, and it's all bad. Insurance premiums are increasing even faster than they would have if ObamaCare hadn't passed, and Obama's minions are threatening insurance companies with bankrupcy for even hinting that ObamaCare is the cause (it is). That's in spite of the fact that Democrats have abandoned the claim that ObamaCare will reduce cost and deficit. The Obama regime via the FDA is deep-sixing miracle cancer drugs that extend life because they cost too much (ObamaCare begins early: FDA may pull Avastin approval OVER COST CONCERNS). Insurance companies are being forced to cut coverage plans, and the law is creating a huge doctor shortage. Every time socialized medicine has been tried, it's been a proven failure.
Previously:
Surprise! ObamaCare to make Doctor Unavailability Syndrome (DUS) much worse
Reuters: ObamaCare to worsen doctor shortage
ObamaCare Preview: IRS Answered Only 8.8% of 352,758 Telephone Calls From Deaf Taxpayers
Washington Examiner: Obamacare is even worse than critics thought
Predictable: Major health insurers to stop offering new child-only policies due to terminal case of ObamaCare
Government Admits Medical Costs Will Rise Under ObamaCare, Sebelius Threatens Insurers Who Criticize It, And Not Even Jon Stewart Is Buying The BS
Good Grief: White House Wants Doctors to Prescribe Drugs for Fat Kids
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