I’m not big on federally regulating every little thing in our lives. I believe there should be some freedom in each state of what’s best for it’s citizens. But what’s happening with health insurance policy price hikes is out of control! A 39% price hike expected for Anthem Blue Cross policy holders is way over the top. Not just Blue Cross, but Humana and most other insurance policies across the board are raising their prices. There needs to be a limit to insurance costs.
These guys have way too much control and something needs to be done. Their reasoning for the price hike is less clients due to the recession and loss of jobs (and coverage), and the high cost of health services, which includes hospitalizations, and medications. Maybe instead of raising prices for CEO’s to make more profit, they should lay off some of their employees to save money instead of their policy holders “bailing” them out.
It looks to me like the the most greedy, corrupt players in this health care crisis are coming face-to-face; health insurances and pharmaceutical companies. Hospitals and pharmaceutical companies need to take reductions this time around. We’ve got to get these 2 conglomerates under control, or more people will not afford insurance except for the rich, and we will see our health care crisis spin further out of control.
Health care spending hit $2.5 trillion last year, growing faster as a part of the economy than at any time in a half century. The results of this spending compares poorly with other advanced countries spending less (see the Sad Cost of Health Care, Jan. 4, 2010 blog). If this doesn’t get taken care of, government programs — mainly Medicare and Medicaid — will soon cover more than half the nation’s health care tab, which is a huge burden for federal and state budgets. Talk about socialized medicine!
Can’t wait to hear the health care debate on February 25th.