I spent a week in March, before the Health Care Reform Bill was voted on, calling Congressmen and Senators across the country telling them to vote NO on the bill. They would ask why, and I would site the page that I was opposed to stating that will increase my premium by roughly $200 per month. They all disagreed, or did not respond. I am guessing that they had not read the bill which I had read. I specifically remember Senator Burris of Illinois’ office stating, Oh you have not interpreted the bill correctly, it will reduce costs. If you go back and read the blog of mine written to Senator Durbin of Illinois, when he responed to my letter to him, you will see where I challanged everything he said.
Well here we go. On October, 1 2010, we are seeing rate increases, larger than normal, to pay for the new federal mandates. Most insurers, that I have researched have stated they need 9% just to pay for the mandates. Most carriers go up about 4% per quarter, so I would expect 13% next month.
Karen Ignagni,President of America’s Health Plans,the insurance industries lobbying group states, “Anytime you add a benefit, there are increased costs.” That makes sense, kind of like when you add pepperoni to your pizza. I have been saying for years the industry and companies should make Health Insurance more like car insurance, meaning if you get your oil changed your insurance does not pay for it. Our new health law requires a ZERO DOLLAR CO-PAY for prevenative services, would that be like an “oil change” for your body.
So on ward and up ward we go. A new law that INCREASES cost of health insurance, and I think you will see companies dropping group health insurance so it might even INCREASE the number of uninsured Americans.
To anyone who runs for office, please try to take politics out of the discussion and do some research.
Thanks for reading.
Eric Wilson can be reached toll free at 888-448-5370 or online at www.isellhealth.net.