Posts Tagged ‘Blue’

39% increase in insurance premiums in a Blue state? Why do I blame the C0ns?

10 comments - What do you think?  Posted by admin - February 23, 2010 at 11:27 pm

Categories: insurance premiums   Tags: , , , , , ,

Is it true that Big Bad Insurance Company Blue Cross is raising their premiums to 35%?


Can you blame them? Only Individual coverage premiums will be raised because young healthy people are not applying for medical insurance. Also keep in mind the cost of health care is going up therefore Blue Cross in CA will need to raise the premiums on the individual coverage in order to pay their member hospital, dental, or patient visit bill.

What are your thoughts on this matter?
This company’s profits have been inline or below their competitors. I guess since they employee thousands in most states they should not make any money to pay them huh?

9 comments - What do you think?  Posted by admin - February 16, 2010 at 9:25 pm

Categories: insurance premiums   Tags: , , , , , , ,

Anthem Blue Cross Gets More Pressure To Justify Rate Hike

(AFX UK Focus) 2010-02-10 21:59 WRAPUP 1-PartnerRe Q4 profit tops Street; EverestRe trails
Feb 10 (Reuters) – PartnerRe Ltd, a large Bermuda reinsurer, posted a quarterly profit that beat analysts’ estimates, aided by a surge in net premiums earned, but rival Everest Re Group Ltd’s profit fell short of estimates.

Read more on Interactive Investor

Fitch Upgrades Unum Group’s Ratings; Outlook Stable
CHICAGO—-Fitch Ratings has upgraded Unum Group Inc.’s holding company ratings, including the senior debt rating to ‘BBB’ from ‘BBB-’ and the Insurer Financial Strength ratings of all domestic operating subsidiaries to ‘A’ from ‘A-’.

Read more on Business Wire via Yahoo! Finance

Closing the Healthcare Loopholes
With the election of Scott Brown to Congress, meaningful healthcare reform seems a lot less likely than it did a few months ago. The issue is so divisive that without a filibuster-proof super majority in the Senate, most political commentators just don’t think reform is possible at all. Yet, beneath the intractable debate between the parties over things like single-payer systems, public options …

Read more on The Cornell Daily Sun

Anthem Blue Cross Gets More Pressure To Justify Rate Hike
California — Pressure is mounting on Anthem Blue Cross to explain why it’s raising premiums up to 39 percent on individual policy holders. California’s insurance commissioner says he’s looking into the situation. And now U.S. Health and Human Services Secretary Kathleen Sebelius wants some answers.

Read more on KPBS San Diego

Be the first to comment - What do you think?  Posted by admin - at 12:24 am

Categories: insurance premiums   Tags: , , , , , , , ,

Obama ‘Disturbed’ By Anthem Blue Cross Fee Hikes

Anthem asked to justify rate hike in California
In his push to move stalled health care reform, President Barack Obama is appealing to American pocketbooks by calling one health insurer’s major rate hike in California a harbinger of rising premiums.

Read more on AP via Yahoo! News

Relevant Links
Most Insurance companies charge drivers under age 25 years higher premiums, but then due to poor record keeping and lack of information sharing, the more mature reckless drivers have continued to enjoy standard premiums despite posing higher risks.

Read more on AllAfrica.com

White House sends out invites for health summit
White House announces format, guests for bipartisan health care summit

Read more on Bay News 9 Tampa Bay

Obama ‘Disturbed’ By Anthem Blue Cross Fee Hikes
The insurer should give a ‘detailed justification’ for its plan to raise premiums on individual policies by as much as 39%, Health and Human Services Secretary Kathleen Sebelius says. California insurance regulators asked Anthem Blue Cross to delay controversial rate increases of as much as 39% for individual policies, hikes that have triggered widespread criticism from subscribers and brokers …

Read more on FOX40 Sacramento

Be the first to comment - What do you think?  Posted by admin - February 13, 2010 at 3:22 pm

Categories: insurance premiums   Tags: , , , , ,

RI health insurance commissioner reduces Blue Cross rate hike proposal

Editorial: Blue Cross increase is outrageous
As health care reform stalled in Congress, as the political pressure on medical providers and insurers eased, Anthem Blue Cross demonstrated stunning audacity by notifying as many as 800,000 Californians that they face insurance rate increases of as much as 39 percent.

Read more on Berkeley Voice – Albany Journal

U.S. heart patients worry about health costs: survey
The monthly mortgage payment is the heaviest expense facing the average U.S. family but for heart patient Frank Amend, an engineer from North Carolina, the biggest cost is healthcare.

Read more on Reuters via Yahoo! News

STEVE POIZNER’S REALLY BAD IDEA
No one is calling California insurance commissioner Steve Poizner a “Fiscal Conservative in Name Only” — not yet.

Read more on Maggie Gallagher via Yahoo! News

RI health insurance commissioner reduces Blue Cross rate hike proposal
State health insurance commissioner finds portions of previous rate agreement unacceptable

Read more on The Providence Journal

Be the first to comment - What do you think?  Posted by admin - February 12, 2010 at 5:25 pm

Categories: insurance premiums   Tags: , , , , , , , ,

Editorial: Blue Cross increase is outrageous

Nigeria : Compulsory Insurance – Industry Operators Support Naicoms’ Initiative
Lagos — One of the issues currently agitating the minds of operators in the insurance industry is the National Insurance Commissions’ (NAICOM) policy and operational guidelines for 2010.

Read more on AllAfrica.com

Insurance Industry Stock Update – Feb. 2010
We expect the overall condition to improve in the second half of 2010, should the economic recovery accelerate. Our recommendations include PartnerRe, Manulife, Hartford, EMC Insurance and Max Capital Group.

Read more on Zacks.com via Yahoo! Finance

Salem, IN man charged with insurance fraud
Police say Tyson Thompson collected insurance premiums amounting to over $15,000.

Read more on FOX 41 Louisville

Editorial: Blue Cross increase is outrageous
As health care reform stalled in Congress, as the political pressure on medical providers and insurers eased, Anthem Blue Cross demonstrated stunning audacity by notifying as many as 800,000 Californians that they face insurance rate increases of as much as 39 percent.

Read more on Berkeley Voice – Albany Journal

Be the first to comment - What do you think?  Posted by admin - at 1:26 pm

Categories: insurance premiums   Tags: , , , ,

Anthem Blue Cross Spending Questioned After Rates Hikes Up To 39% (VIDEO)

Vehicles covered if brakes or pedals fail
DES MOINES, Iowa — Many drivers of recalled Toyota vehicles are calling their insurance companies. Not only are they concerned about whether their accelerator may stick or brakes may fail, but they’re wondering if they’ll be covered if they’re in an accident.

Read more on Detroit Free Press

(AFX UK Focus) 2010-02-11 23:00 UPDATE 1-Employee-insurer Delphi Q4 profit trails expectations
Feb 11 (Reuters) – Delphi Financial Group Inc, an employee-insurance provider, posted a quarterly profit that trailed analysts’ estimates, hurt in part by a fall in premium and fee income.

Read more on Interactive Investor

FHA set to toughen rules
By Fred Hiers Staff writer Local Realtors worry that if the Federal Housing Administration follows through with its plans to hike insurance premiums, the move would only hurt an already ailing local housing market.

Read more on The Ocala Star-Banner

Anthem Blue Cross Spending Questioned After Rates Hikes Up To 39% (VIDEO)
California’s largest for-profit health insurer, Anthem Blue Cross, is expected to raise premiums by 30 to 39 percent on an unknown number of its 800,000 members. The announcement isn’t sitting well with a wide range of people — from government officials to Anthem members.

Read more on The Huffington Post

Be the first to comment - What do you think?  Posted by admin - at 7:23 am

Categories: insurance premiums   Tags: , , , , , , , ,

White House Presses Anthem Blue Cross on Rate Hike

WellPoint faces firestorm over profits
WellPoint faces a firestorm of controversy as the health insurer’s massive fourth-quarter profit gains are likely to become the center of attention as it seeks to raise premiums in California.

Read more on Market Watch

Gov. Patrick taps new Mass. insurance commissioner
Gov. Deval Patrick has named Joseph Murphy the state’s new Commissioner of Division of Insurance.

Read more on Boston Globe

Sebelius Responds to Letter from WellPoint
WASHINGTON—-U.S. Department of Health and Human Services Secretary Kathleen Sebelius issued the following statement after receiving a letter from WellPoint Incorporated. The letter came after Sebelius called on Anthem Blue Cross to publicly justify its decision to raise premiums for its California customers by as much as 39 percent.

Read more on Business Wire via Yahoo! Finance

White House Presses Anthem Blue Cross on Rate Hike
The Obama administration is demanding answers from California’s largest insurance company, Anthem Blue Cross, about why the company is suddenly raising premiums on some customers by up to 39 percent; more than 10 times the rate of inflation. Insurance – California – WellPoint – Presidency of Barack Obama – Business

Read more on ABC News

Be the first to comment - What do you think?  Posted by admin - February 11, 2010 at 9:30 pm

Categories: insurance premiums   Tags: , , , , , , ,

Poizner investigates Anthem Blue Cross rate hike

Fair Lawn getting ready to change health insurance plan
A new health insurance plan for Fair Lawn employees could go into effect as early as April 1.

Read more on The Record and Herald News

In Telluride, a struggle between providers and insurance companies
As the Senate passed a landmark health care bill in Washington that extends coverage to millions, the Telluride Medical Center wages its own battles, hoping to wring better deals from insurance companies.

Read more on Telluride Daily Planet

Credit history can hike insurance rates
Mississippi Gulf Coast policyholders are well aware a hurricane is guaranteed to hike insurance rates, but fewer realize their credit reports also are factored into homeowner and automobile insurance premiums.

Read more on The Clarion-Ledger

Poizner investigates Anthem Blue Cross rate hike
Insurance Commissioner Steve Poizner says he is investigating proposed rate increases for health care premiums of thousands of Californians.

Read more on KGO-TV Bay Area

Be the first to comment - What do you think?  Posted by admin - at 6:26 am

Categories: insurance premiums   Tags: , , , , , ,

Anthem Blue Cross To Raise Rates

Anthem Blue Cross To Raise Rates
Anthem Blue Cross has told some customers it will raise their health insurance premiums as much as 39 percent beginning March 1.

Read more on KCRA 3 Sacramento

Be the first to comment - What do you think?  Posted by admin - February 6, 2010 at 2:28 pm

Categories: insurance premiums   Tags: , , , ,

Next Page »