Thursday, June 9, 2011

How can we get or is it possible to put a freeze for one or two years on health insurance cost?

I see BCBS is going up over 7% for 2011. Is there no stopping these rising costs? my poor pension.
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Look at the situation for the past 20, 30 or so years. Insurance companies keep requiring more and more documentation from the doctors. So the doctors raise their prices to cover the increased cost of hiring more people to handle the paperwork. The insurance companies raise rates to cover the increased price, and require more stringent paperwork. Doctors hire more people to handle the increased paperwork and charge more to cover the cost. Etc., ad infinitum. Malpractice suits enter into it too. The average doctor pays about a quarter of a million a year in insurance premiums, because you can sue a doctor for malpractice if the nose job didn't get you a prettier girlfriend. It's cheaper for the insurance company to settle and raise the doctor's rates than to fight it. Government regulations, even "Obamacare", play a very small part.
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