Affordable Care Act and rising premiums
A year after Anthem Blue Cross created a public uproar by proposing rate hikes as high as 39 percent, the health insurer is at it again.
Many Anthem policyholders who buy their coverage as individuals say the company has notified them to prepare for another rate increase effective May 1. This would create a cumulative rise in rates in excess of 40 percent for some consumers in less than a year.
Don't blame the insurance companies they are just getting ready to comply with the great Affordable Care Act of Obamacare.
This is what happens when government tells or should I say dictates how you should run your company. A perfect example of how regulation designed to help consumers does just the opposite.