California and Health Insurance Update

After Cancer - Now What? — By on February 15, 2010 at 12:29 pm

From After cancer, now what

Just wanted to share some updates with you about the rate increases planned by Anthem Blue Cross Blue Shield in California.br /
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We start with Congress a href=”http://articles.latimes.com/2010/feb/10/business/la-fi-anthem10-2010feb10″opening a probe/a into the increases proposed by Anthem.br /
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Then we move to Anthem a href=”http://articles.latimes.com/2010/feb/12/business/la-fi-anthem12-2010feb12″defending/a the rate increases. br /
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And finally a a href=”http://www.latimes.com/news/la-fi-anthem14-2010feb14,0,1747401.story?track=rssamp;utm_source=feedburneramp;utm_medium=feedamp;utm_campaign=Feed%3A+latimes%2Fnews+%28L.A.+Times+-+Top+News%29amp;utm_content=Google+Reader”delay in implementation/a of the rate increases until May 1st while regulators look over the rates to make sure they don’t violate California law. Interestingly, the law in California states that 70 cents of each premium dollar needs to be used on medical benefits.br /
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Wellpoint, which is the parent company of Anthem Blue Cross Blue Sheidl made a profit of $4.75 BILLION dollars in 2009. br /
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I can’t seem to locate what Mr. Sassi’s salary is but the CEO of WellPoint (again, parent company of Anthem), Ms. Angela Braly earned a href=”http://investing.businessweek.com/research/stocks/people/person.asp?personId=10064387amp;ticker=WLP:USamp;previousCapId=160077amp;previousTitle=WELLPOINT%20INC”$9,844,212 million dollars/a last year in salary and other options. She also receivesnbsp; “other compensation” which included use of a private jet for her and her family on business trips. And I’ll be willing to bet her health insurance is paid for by her company. br /
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The LA Times has done a great job of reporting this and when you add the internet into the equation companies are less likely to slide these things through without at least isome/i oversight.div class=”blogger-post-footer”img width=’1′ height=’1′ src=’https://blogger.googleusercontent.com/tracker/4713736175601908568-4785330778574264219?l=www.aftercancernowwhat.com’ alt=” //div
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