If health insurance companies had not been forbidden to compete across state lines, then any company that wanted to raise its rates 50, 500, or 5 million % would be free to do so and immediately put themselves out of business.
As it is, that horribly timed move by one insurance company may have been the back-breaking straw that pushed the healthcare DEform bill over the top.
I’m in a small group (business)–our premiums have gone up 35-40% or more every year. So every year we have to select a lesser-benefits plan to pay only 3-5% more. Pretty soon we’ll be paying $1500.00/month for nothing.
mivins over 14 years ago
Right on, Syl!
Tomyris over 14 years ago
The cat wants to help. Or is it feeling punked? Cosmic punking ~ it gets cats too.
pschearer Premium Member over 14 years ago
If health insurance companies had not been forbidden to compete across state lines, then any company that wanted to raise its rates 50, 500, or 5 million % would be free to do so and immediately put themselves out of business.
As it is, that horribly timed move by one insurance company may have been the back-breaking straw that pushed the healthcare DEform bill over the top.
texcat49 over 14 years ago
I’m in a small group (business)–our premiums have gone up 35-40% or more every year. So every year we have to select a lesser-benefits plan to pay only 3-5% more. Pretty soon we’ll be paying $1500.00/month for nothing.
What needs fixing again?
texcat49 over 14 years ago
Every year for the past 15 yrs.