Posted on 04/07/2010 4:02:50 AM PDT by Cardhu
A half-dozen health insurers yesterday filed a lawsuit against the state seeking to reverse last week’s decision by the insurance commissioner to block double-digit premium increases — a ruling they say could leave them with hundreds of millions in losses this year.
The proposed rate hikes would have taken effect April 1 for plans covering thousands of small businesses and individuals. Insurers wanted to raise base rates an average of 8 percent to 32 percent; tacked on to that are often additional costs calculated according to factors such as the size and age of the workforce.
Yesterday’s legal action sets the stage for a showdown between state regulators and the health insurance industry.
(Excerpt) Read more at boston.com ...
It’s begun.
What this Administration sees as a class war has begun.
THis is the beginning of a potentially endless series of
chaotic repercussions that is just what this Wild Bunch sees as ‘necessary’, but has NO way of gauging the disastrous fallout from: American people, and all especially who voted for these fools, brace yourselves:
this is just the beginning of the chaos of 2010.
My company is giving serious thought to dropping health coverage. Can’t afford the premium hikes that will come.
Of course, the union will blow a gasket, but that is life.
Atlas should shrug and cut the benefits. WAY down.
Massachusetts is a joke but why stop there, let’s get the rest of the country in on it too. Then the world......
BUT...BUT.....
I thought that passing Obamacare was supoosed to LOWER the cost of premiums!
Why that dirty BUSH did it again!
Bankrupt Health Insurance companies will bring SINGLE PAYER SYSTEM. This is the ObamaManiac’s goal!
LLS
The TRUE intent of Obamacare ALL ALONG was to PUT the insurance companies OUT OF BUISNESS...so the government can be the SINGLE PAYER.
Obviously......That, and take over every aspect of private enterprize. Redustribute wealth, create a singular “Middle Class” Utopia. (Right out of Karl Marx.)
um, um, um...
Barack Hussein Obama
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