Obamacare continued: Anthem Blue Cross to raise rates 47% in Connecticut
You can keep your doctor, you can keep your insurance, it will bend the cost curve down, it will … oh never mind. This is what change looks like.
Anthem Blue Cross has been approved, by the state of Connecticut, to raise rates as high as 47% for some policies, and 19% for all policies as it attempts to meet new mandates from …. drum roll please …. Obamacare! From the Hartford Courant.
For all of its individual market plans, Anthem Blue Cross and Blue Shield has received approval to raise rates by at least 19 percent — including a range of 30 percent to 44 percent for the brand of plans in the individual market that was most popular in 2009, Century Preferred.
The reason for the increases is the new federal health reform mandates, according to Anthem and the state Department of Insurance, which is defending its approval against charges by Attorney General Richard Blumenthal. Those reforms took effect Sept. 23.
If this were not so serious and so stupid at the same time … it would be laughable.
It is not clear how many people are paying, or will pay, these new rates because federal reform allows insurers to grandfather certain plans that existed before reform was passed in March. What it means for Anthem customers is that anyone who enrolled before March 24 will have the option of staying in their current plan, which would increase next year based on rising costs but not because the plan will have added benefits mandated by federal law. Anyone who bought an Anthem plan on March 24 or later will pay the new rates.
Richard Blumenthal of course is “deeply disappointed” and has condemned the state insurance commissioner for not looking specifically at insurance costs and profits as required by law. But Commissioner Thomas Sullivan has fired back.
“The rates that were filed and approved reflect the current cost to deliver care and the impact of more comprehensive benefit designs required under the federal healthcare reform law. If the attorney general wants to complain to someone, he should be complaining to Congress.”
Read the entire post by Courant reporter Matthew Sturdevant. It’s classic.
Ironically even Obama now seems to understand these kind of rate increases will become the norm. Not even Richard “jobs” Blumenthal could expect insurance companies to keep rates the same when the Obama is demanding that they accept any child after they get sick, or allow 26 year old “children” to stay on parents’ policies. This is gunna get worse folks, made even more outrageous by the fact that they pushed this crap down our throats.
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