When Health Insurance Companies Attack
Jay Garcilazo (March 11th, 2010) Writes:
In recent weeks, you’ve probably heard a lot about WellPoint, the big insurance company that reported earning $2.7 billion in one quarter, and then promptly raised rates on some customers in California by up to 39 percent. Those aren’t the only big increases WellPoint has attempted to implement. In 2009, the company sought a 24 percent increase for its customers in Connecticut, and it’s asked to raise rates by 23 percent in Maine this year.
This pattern appears to be working for WellPoint. Recently, a major Wall Street analysis found that WellPoint would be a “primary beneficiary” if reform fails.
So it shouldn’t surprise anyone that WellPoint officials are doing everything they can to stop reform. WellPoint is a part of the coalition that has financed millions of dollars television ads against reform. And they are continuing to spread misinformation about what will happen when we make comprehensive reform a
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