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New York Times: Health Insurance Companies Seek Big Rate Increases for 2016

Wow. Is anybody surprised? The Insurance Scam joins forces with the Federal Scam.

Of course, nobody lied to us, right?

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New York Times:

Health Insurance Companies Seek Big Rate Increases for 2016

> Read whole article at New York Times: http://www.nytimes.com/2015/07/04/us/health-insurance-companies-seek-big-rate-increases-for-2016.html?_r=1

By ROBERT PEAR  JULY 3, 2015

WASHINGTON — Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.

Blue Cross and Blue Shield plans — market leaders in many states — are seeking rate increases that average 23 percent in Illinois, 25 percent in North Carolina, 31 percent in Oklahoma, 36 percent in Tennessee and 54 percent in Minnesota, according to documents posted online by the federal government and state insurance commissioners and interviews with insurance executives.

The Oregon insurance commissioner, Laura N. Cali, has just approved 2016 rate increases for companies that cover more than 220,000 people. Moda Health Plan, which has the largest enrollment in the state, received a 25 percent increase, and the second-largest plan, LifeWise, received a 33 percent increase…

(snip)

Continue reading this article at The New York Times website please:

http://www.nytimes.com/2015/07/04/us/health-insurance-companies-seek-big-rate-increases-for-2016.html?_r=1

 

cartoon by Barry Wong
cartoon by Barry Wong

 

 

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Elias Alias

Editor in Chief for Oath Keepers; Unemployed poet; Lover of Nature and Nature's beauty. Slave to all cats. Reading interests include study of hidden history, classical literature. Concerned Constitutional American. Honorably discharged USMC Viet Nam Veteran. Founder, TheMentalMilitia.Net

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4 comments

  1. The insurance co wrote the obamma care policys.This is a guaranteed profit for them while we are in the austerity program in the U.S More cost to you and I and less services. How. great thou art.our government is a JOKE. Payed thieves by you and I. ,

  2. I’ve stayed fit and healthy and don’t have health insurance. I do it the old fashioned way. Out of pocket. Funny thing is that the cost goes from $200 to $400 per visit if you have insurance to $75 to $150 dollars per visit if you pay cash. I’m 63 and am not on any meds and all my vitals are excellent (no drugs, alcohol or bad food). I eat well (lots of wild food like elk), sleep well and exercise daily. I just had a bad bicycle wreck and it cost me a grand total of $210 over the last week which will be picked up by the people at fault’s insurance. I have lived a brutally tough life at times with little safety or security but it seems that it’s healthier than a secure, sedentary existence. Looks like our lifestyle has made health care slaves of many of us.

    https://www.youtube.com/watch?v=4Mfur03EEY0

  3. It’s crazy! Single person pays around $400-$500 a month plus has a $6000-$7000 or more deductable, which is the same as my policy only I pay far less. Basically the average person is paying their own health care all year long while feeding the insurance company $400-$500 dollars a month. Look at the stock values and revenues for these companies! They are off the charts! I work for one of the big six. My 401k is at $50,000 after three years and around $12,000 contribution with 100% match. The other $30,000 is the company stock that makes up 30% of my portfolio. One of my coworkers purchased stock (employee purchase, which is limited), and after two years it’s worth over $100,000. It’s awesome, but you are paying for it!

    You may have heard about the big six wanting to buy each other out. They are. Think single payer system. Back doored.

  4. unfortunately, the entirety of the American people would need to stand before the supreme court and demand this be ruled as unconstitutional, on the grounds of interference with individual pursuit of life liberty and pursuit of happiness. Mandating one purchase a product or service of the PRIVATE SECTOR, or even the GOVERNEMNT SECTOR, is the epitome of unconstitutional and should be viewed as an attack on the individual finances of the American public. this is REDICULOUS that it still stands as constitutional, in what way is it constitutional? I myself wish to stand before these justices and ask them this very question, in what way is forcing a people, who are suppose to be free to make their own choices, constitutional? it is legislated SLAVERY to corporations through financial means.

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