home
Wellpoint (BCBS) To Raise Rates in 11 States | 33 comments (33 topical)

Readers Must Login or Create an Account to Comment

Well no, of course they don't (none / 0) (#31)
by ruffian on Wed Feb 24, 2010 at 06:38:40 PM EST
If their pay was skyrocketing, profits would not be at record levels.

Yes, I would like to see a breakdown of what costs for medical services rose by 40% recently.

Until then I will continue to believe that the rate increases are due to the shrinking pool of customers due to people dropping coverage. Makes sense to me that if their pool is smaller they have to charge the people in the pool more to keep the same level of benefits and profits.  It's a death spiral.  More people will drop out, and the prices will go higher, until, as kdog says, it reaches its logical conclusion and there is one guy left paying $500,000 for his premiums.  

It is simply an unsustainable system.

Parent

Wellpoint (BCBS) To Raise Rates in 11 States | 33 comments (33 topical)

Readers Must Login or Create an Account to Comment

  • The Online Magazine with Liberal coverage of crime-related political and injustice news

  • Contribute To TalkLeft