Nytimes: Ins industry, under pressure from Wall Street, is raising premiums to get ahead of HCR

[ind_thinker2]

Higher medical costs aside, some experts say they think the insurance industry, under pressure from Wall Street, is raising premiums to get ahead of any legislative changes that might reduce their profits.

The increases come at a politically fraught time for the insurers, as they try to fight off the creation of a government-run competitor and as they push their case that they have a central role to play in controlling the nation’s health care costs.

...

http://www.nytimes.com/2009/10/25/business/smallbusiness/25health.html?_r=1&hp=&adxnnl=1&adxnnlx=1256406454-z6pU5tDyUZhQxNNseSSOFQ


WE NEED A SINGLE PAYER SYSTEM...

[bunnysoft]

1. Just like the banks raised their credit card interest rates

Two of a kind.

[jaxx]

5. Yep, just what I was thinking.

They need to make the CC's go back to January 1 rates and stay there.

[DJ13]

2. Just like the banks with credit card rates

I say we take important segments of our economy out of Wall Street to limit the influence of shareholders to damage our country.

Oil, health care, banks, food, none of the necessities of life should ever be influenced by a constant demand to continually increase profit margins.

[OHdem10]

3. We received our notice already--Premium increase.

[cry baby]

4. Maybe in the final legislation, congress could specify that

rates will be frozen (retroactively) at September 09 rates. That idea may not even be legal, but I thought I'd make the suggestion.

[LatteLibertine]

6. Love

to see some sort of retroactive cap. These guys need to be brought down and hard.

[OHdem10]

9. Never happen until they have run the country completely in the

ground. When enough people hurt and hurt badly (sa some do now)
then and then only will change come. People have to be
angry enough to take to the streets and stay there demanding
change.

Our own party has too many lawmakers who owe their soul to big
business and Wall Street, that when combined with Republicans
Wall Street, and Big Business will get their way. Our President
surrounded himself with the same types in the WH.

[TheCoxwain]

10. There are bunch of patents pending for testicle crushers

.

[OHdem10]

7. Unfettered Capitalism is a live and well. Since Wall Street runs

the country, what is new??? This is the way things are done.

[dragonlady]

8. Mine went up 29% this year, only 13% last year

My theory is that they needed me to pay for their lobbying against any relief for the subscribers. :banghead:

[ej510]

11. In 2010 Califfornia will do away with these terrorists and implement Single Payer Health Care!

:woohoo: