Blue Shield raised our rates 73% in one year—check out the chart below. We have a very high deductible plan because I'm trying to be self-employed and that's all I could afford on my own. Our deductible is $8000 per person so it covers basically nothing but catastrophic care. The premium was $447 per month a year ago. Now it’s $777 per month. This is utterly insane. 73% in one year!
There is no competitive market for health insurance. Your choices are: 1. Pay whatever they say. 2. Die. Note the similarity to your choices during an armed robbery: 1. Pay whatever they say. 2. Die.
Our government has completely failed to regulate rapacious insurers. Since they will not do anything about this, we must all take action ourselves.
Consumer Watchdog · January 13, 2012
https://consumerwatchdog.org/insurance/patrick-killelea-menlo-park-ca/
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