Those surpluses could buy a lot of catfood
Posted in Main Blog (All Posts) on July 23rd, 2010 4:52 am by HL
Those surpluses could buy a lot of catfood
Insurance companies horde money while raising rates…just a reflection of the times.
pic via Abu.Hummus at Flickr
Good thing health-care reform preserved the ability of so-called non-profit insurance groups not to have competition in the form of a public option:
The report released Thursday by Consumers Union, the nonprofit publisher of Consumer Reports, found that seven of 10 Blue Cross Blue Shield affiliates examined had amassed surpluses more than three times the level regulators deemed necessary for them to remain solvent.
For instance at the close of 2009, Blue Cross Blue Shield of Arizona had a surplus of $717 billion, more than seven times the regulatory minimum. The same year the company raised premiums for its individual market customers between 8.8 percent and 18.4 percent.
Oh, what to do…say, bring back the public option?
What, save money and help tens of millions of Americans?
Nah, rich people gotta be richer, the rest of us have to work until we die…in debt for our medical expenses though, so that will show ‘em.
Hey, this plan worked for the Romanovs, sort of.
(h/t AmericaBlog)
![Share This icon](http://static1.firedoglake.com"/plugins/share-this/images/share-icon-16x16.gif"){kind=icon}
Late Late Night FDL: Bring It On Home
Led Zeppelin — Bring It On Home (live at the Royal Albert Hall, 1970).
Led Zeppelin — Bring It On Home (live at the Royal Albert Hall, 1970).
What’s on your mind?
Early Morning Swim: Rachel Maddow Interviews Lt. Dan Choi, Recently Discharged for Being Gay
Awful.
Though his discharge has been rumored for weeks in the gay blogosphere and among gay rights activists, Choi said he only officially learned of the discharge on Thursday after a phone call from his commander.
“The Army said I was notified by letter to my home of record, which is Orange County, Calif.,” Choi said. “My dad apparently signed for the letter and, well, that’s what they say.”
Choi hasn’t spoken to his father since October, he said.
His father is a Southern Baptist minister.
