The rates are a guessing game. Just do a comparison between what exists and what is being touted now as part of the Affordable Care Act and you can see the gaps are too large. So it is no surprise that Wellpoint, parent of Anthem Blue Cross of California, is threatening double digit rate increases in 2015. The Consumer Watchdog Campaign has said that Wellpoint has done better than any other carrier in terms of new enrollment, and thus should not be talking about rate increases. So…we have the Insurance Rate Public Justification and Accountability Act on the November ballot in California. Great…so increasing mystery will be shrouded in greater bureaucratic misery and enigmas multiply as everyone seeks to justify their position.
Inflation debate among inflated claims freighted with doubt about who’s in and who’s out
May 5, 2014