Page 101 - Rate Increase News Today

Business owners. they are kicked out of the market when they get sick or locked out because they have a preexisting condition, and they are priced out of the market, and 40% rate increases across the country. we have to change the rules once and for all. >> executives are making so much money in a time when so many people are not insured. the commerce committee were investigating and holding a meeting. >> my salary is $1.1 million. i received stock compensation with a value of $8.5 million, and ...

Democrat and the sixth chairman to sign the letter, calling for the public option by reconciliation. meanwhile in the house, lawmakers demanding an explanation from wellpoint about its plans to institute huge rate hikes, not merely in california, proposed 39% rate increase there, but at least in ten other states where it has subsidiaries. chairman waxman of the house energy and commerce committee revealing that his investigators had found internal wellpoint documents which proved the company was...

Rate increase would be but im no expert. what do you think of the timing? >> well, i think it -- the more important point is what congressman altmeyer said, if we dont get our hands on the cost of care were going to see rate increasing like this. >> neil: like 39%? >> well, not -- they make up for a number of years of cost increases. well not see 39% but more than americans can afford. i personally believe that the summit was good. i think that both sides agreed if we dont attack costs we cant f...

Explanation from wellpoint about its plans to institute huge rate hikes, not merely in california, proposed 39% rate increase there, but also in at least ten other states where it has subsidiaries. chairman waxman of the house energy and commerce committee revealing that his investigators had found internal wellpoint documents which proved the company was raising premiums merely to pad its profits to a target of 7%. yesterday at a hearing in california a company executive having testified that t...

The public option by reconciliation. meanwhile in the house, lawmakers demanding an explanation from wellpoint about its plans to institute huge rate hikes, not merely in california, proposed 39% rate increase there, but at least in ten other states where it has subsidiaries. chairman waxman of the house energy and commerce committee revealing that his investigators had found internal wellpoint documents which proved the company was raising premiums merely to pad its profits to a target of 7%. y...

Week, but the move by the federal reserve to raise interest rates could put a stop to the raise. >> the fed action was not a surprise, but the timing was. it came after the market closed yesterday. investors had time to digest the news. reaction could be a big selloff, but it looks pretty measures. basically, they said this was going to happen, and the fact that few banks used the emergency rate should keep the markets from overreacting. keep in mind, though, this rate increase will not directly...

Described in this introduction that your department did this report on today? >> well, what it would do in both the house and senate bill is it wouldnt take over insurance regulation away from the states. it would assume that the states are the first line of defense. but it would do a couple of things. one is require a huge spotlight on any rate increase. so companies would have to basically file online anybody, any place would get, to figure out whats going on. just the spotlight on anthem has ...

Really hasnt worked. and its made me want the public option, maybe more than ive ever wanted it, looking at these hikes again. do you guys in the administration understand the visceral reason that the public option still polls so well? we really dont trust the insurance companies to have our best interests at heart in this country. >> well, i think that the essential piece is some competition. in most of these cases, and across the country, about 94% of the market, companies have a monopoly. the...

In most of these cases and across the country, about 94% of the market, companies have a monopoly. theres no one to compete with. and particularly if you are the mom who wrote me from california looking at a 38% rate increase which translates for her into $7,000 a year more for her fam lichl her son has type 1 diabetes. shes a single mom. she has no options at all. she cant drop coverage because it could be a life or dealt situation for her kid. she doesnt know where shes going to come up with $...

The health care debate having gone on so long, so bitterly, so polarizingly, i suppose what has now happened is inevitable if not physically impossible. the most recent most cogent argument for reform coming from the designated mouthpiece from the company that is a recent example of highway robbery. a health insurance company that plans to raise its premiums by 39%. you will recall anthem blue shield of california announced that rate increase even though the parent company wellpoint made $2.7 bi...