How about an overnight 39 percent rise in your rent? Car payments?
No, just your health insurance:
Senator Dianne Feinstein, Democrat of California, sharply criticized Anthem Blue Cross of California on Tuesday over its plans to raise health insurance premiums by as much as 39 percent, and she said that the move provided a vivid example of why major health care legislation is needed.
“It is unconscionable that Anthem Blue Cross would consider increasing health insurance premiums for Californians by as much as 39 percent, especially at a time when so many people are experiencing economic hardship,” Ms. Feinstein said in a statement. “I can think of no better example of why we need health insurance reform, and this kind of behavior is a stark reminder of why any reform plan should establish a rate authority to keep insurance rates affordable.”
Full New York Times story here.
In a statement Monday, Anthem Blue Cross said the planned rate hike was due to the “weak economy” and called on lawmakers to “go back to the beginning and get health care reform done right.”
“… As medical costs increase across our member population, premium increases to the entire membership pool result. Unfortunately, in the weak economy many people who do not have health conditions are foregoing buying insurance. This leaves fewer people, often with significantly greater medical needs, in the insured pool. We regret the impact this has on our members. It highlights, why we need sustainable health care reform to manage the steadily rising costs of hospitals, drugs and doctors.”
So people are really sick and desperate will pay more for their health insurance — with, of course, a concomitant 39 percent increase in their paychecks or maybe a 39 percent rate reduction from their car insurance or rent — and the rest of the poor suckers who can’t even afford to buy insurance anymore will simply go without.