If you think healthcare is expensive now, wait until it is free.
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January 2011, We are off to a great start this year. Blue Shield of California seeks rate hikes of as much as 59% for individuals.
The Insurer says the increases result from fast-rising healthcare costs and other expenses resulting from new healthcare laws. The move comes less than a year after Anthem Blue Cross tried and failed to raise rates as much as 39%.
fret more over soaring health
costs than terrorism and
consumers have more cause for anger as
premiums rise at the steepest rate in a
decade. In 2010, Employers shift health care costs to employees, "With the economy struggling, businesses have been shifting more of the costs of health insurance to workers through premiums, deductibles and other cost-sharing," Kaiser President and CEO Drew Altman, Ph.D., said. "This may be helping to stem the rapid rise in premiums that we saw in the early 2000s, but it also means employer coverage is less comprehensive. From a consumer perspective, the cost of health insurance just keeps going up faster than wages., Click on benefit
better understand what steps employers
are taking in this economy.
Even the AMA has joined the bandwagon and has produced a report which list actions that can be taken by the AMA to reduce health care costs.