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View Full Version : Sebelius Warns Insurers Not To Blame Rate Hikes On Health Overhaul



Rockntractor
09-12-2010, 12:20 AM
Sep 10, 2010
Health and Human Services Secretary Kathleen Sebelius on Thursday said insurers who blame their rate increases on the new health overhaul could be excluded from health insurance exchanges and the 30 million new customers they promise, The Associated Press reports. "'There will be zero tolerance for this type of misinformation and unjustified rate increases,' Sebelius said in a letter to the insurance lobby. 'Simply stated, we will not stand idly by as insurers blame their premium hikes and increased profits on the requirement that they provide consumers with basic protections,' Sebelius said. She warned that bad actors may be excluded from new health insurance markets that will open in 2014 under the law." Sebelius sent the letter to insurer trade group America's Health Insurance Plans. "The industry's top lobbyist responded that the health care law is a factor behind higher rates, but not the only one" (Alonso-Zaldivar, 9/9).


The Wall Street Journal: "The Wall Street Journal reported Wednesday that some carriers are asking for total premium hikes topping 20% starting this month, and the carriers are attributing one to nine percentage points of the increases to new benefit mandates in the law. [AHIP's top lobbyist Karen] Ignagni, president of America's Health Insurance Plans, said: 'It's a basic law of economics that additional benefits incur additional costs, and the impact on premiums depends on the type and amount of coverage policyholders had before.'" Sebelius said that later this fall, HHS will issue a regulation requiring state or federal review of all "potentially unreasonable" rate increases. "It's unclear how much power that will give state insurance commissioners, who say there's little they can do to stop insurers' rate hikes if the companies can justify charging more for greater benefits" (Adamy, 9/10).
Mo> http://www.kaiserhealthnews.org/Daily-Reports/2010/September/10/Sebelius-Warning-To-Insurers.aspx

warpig
09-12-2010, 12:22 AM
Well they did anyway. I think one was quoted from the DU wasn't it, about the rate hikes for Blue Cross in Kalifornia?

Rockntractor
09-12-2010, 12:26 AM
Well they did anyway. I think one was quoted from the DU wasn't it, about the rate hikes for Blue Cross in Kalifornia?

I posted this because of your billionaire meeting thread, in this new era of government the persecuted are not even allowed to complain or give facts, just do as the fuhrer commands!

warpig
09-12-2010, 12:32 AM
I posted this because of your billionaire meeting thread, in this new era of government the persecuted are not even allowed to complain or give facts, just do as the fuhrer commands!

or present facts in a polite, civil tone of voice....................:cool:

lacarnut
09-12-2010, 12:32 AM
Large insurance companies like United Health, Blue Cross and AARP helped to write this legislation. They are going to raise rates in anticipation of those with pre-existing conditions that they will be required to cover. Might be a good time to buy their stock cause I think they are going to make out like bandits for the next couple of years.

Sebelius can warn all she wants. The facts are that the rate decrease this administration promised was a joke from the get go, and now the dip-shits in the WH are trying to do a cover your ass routine. Not gonna work either.

Rockntractor
09-12-2010, 12:39 AM
Large insurance companies like United Health, Blue Cross and AARP helped to write this legislation. They are going to raise rates in anticipation of those with pre-existing conditions that they will be required to cover. Might be a good time to buy their stock cause I think they are going to make out like bandits for the next couple of years.

Sebelius can warn all she wants. The facts are that the rate decrease this administration promised was a joke from the get go, and now the dip-shits in the WH are trying to do a cover your ass routine. Not gonna work either.
These companies made a deal with the devil and the devil will turn on them eventually.

lacarnut
09-12-2010, 01:41 AM
These companies made a deal with the devil and the devil will turn on them eventually.

In a few years, small to medium health insurance companies will either be taken over by larger companies or go out of business because of un-profitability. With 3 or 4 large companies left standing, the government will regulate them to the max. Eventually, the public option will be in place if this abortion of a health care bill is not turned back.

swirling_vortex
09-12-2010, 12:55 PM
Then you also have to factor in all of the tax increases that are going along with it.

http://www.kiplinger.com/businessresource/forecast/archive/health-care-reform-tax-hikes-on-the-way.html

Honestly, are these people cheering for 9.6% unemployment?