I can. I for one am sick and tired of Anthem pocketing my raises, and my future raises.
It seems like Anthem jumped the gun on these rate increases - a wiser company might have let a little more time transpire before assuming they were in the clear.
My (employer based) health insurance expense has probably doubled in the last decade, not counting increased co-pays, deductibles, drug tier increases, etc. The program that funded my position was cut and I had to find money elsewhere. While making the transition I was told I was going to receive a pay increase. After taking a closer look at my benefits package they realized that they could no longer afford to give me that raise. I was fortunate to not lose any salary. Anthem now has that raise. Our new Governor just told us that he was going to give us a one time 3% bonus at the end of 2011 but that we could expect no raises through 2012......oh....and that our health care expenses are going up again.
While I have no problems with my health care providers, the insurance companies are parasites who are trying to find out exactly how much they can bleed their hosts without killing (all) of them.
The problem with quotes like you have here they MAY not really mean anything. Why? 250% of what? They may have lost money last year so one needs to know the starting point. Maybe you do and I just missed that part.
Again, the majority of them pay out 80 to 85% of thier premiums back and make around 4% on thier investment. That is below the average of corps in this country
"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln
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My (employer based) health insurance expense has probably doubled in the last decade, not counting increased co-pays, deductibles, drug tier increases, etc. The program that funded my position was cut and I had to find money elsewhere. While making the transition I was told I was going to receive a pay increase. After taking a closer look at my benefits package they realized that they could no longer afford to give me that raise. I was fortunate to not lose any salary. Anthem now has that raise. Our new Governor just told us that he was going to give us a one time 3% bonus at the end of 2011 but that we could expect no raises through 2012......oh....and that our health care expenses are going up again.
Meanwhile......"Recent economic data show that profits for the ten largest insurance companies increased 250 percent between 2000 and 2009, ten times faster than inflation."
While I have no problems with my health care providers, the insurance companies are parasites who are trying to find out exactly how much they can bleed their hosts without killing (all) of them.
The problem with quotes like you have here they MAY not really mean anything. Why? 250% of what? They may have lost money last year so one needs to know the starting point. Maybe you do and I just missed that part.
Again, the majority of them pay out 80 to 85% of thier premiums back and make around 4% on thier investment. That is below the average of corps in this country
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln