I told you so

United States
February 11, 2010 11:11am CST
Remember back when all of you on here were talking about how much you LOVE you health insurance, and don't want the government to get involved. Some even went as far as sending thank you letters to you providers, and asked them to help stop the evil government. Well the insurance companies have decided to send you thank you of their own, and just like I told you, your not going to like it. Today Well Point announced an increase in health insurance premiums of up to 39%. Of course they are claiming "huge loses" due to customers leaving, high health care cost, and people purchasing lower cost plans. Last year, amid "huge loses" the company ONLY made $2.7 BILLION in profit. This is par for the course when it comes to health insurance, which has risen multiple times of inflation for almost a decade now. Do you think that the support that many gave to these same companies led to these price increases?
1 person likes this
6 responses
@trruk1 (1028)
• United States
11 Feb 10
Americans (some of them, anyway) cannot see that a single-pay, universal health care system if the only solution that will work. They say they do not want government managing medical issues. So a for-profit insurance company is better? A situation where the kind of treatment you get depends on how much it costs? One man even spoke up at a meeting and said he wanted the government to keep its hands off of his Medicare. The average physician now spends 40% of her working time filling out forms. If insurance companies really are the best at deciding what treatment is proper, we can do away with doctors altogether. Just enter the codes for your symptoms and your provider will dispense treatment. Simple. The fact is, we spend more on medical issues as a percentage of GDP than any other country, and those costs continue to rise.
1 person likes this
• United States
12 Feb 10
You are 100% correct. I couldn't agree with you more.
@MrKennedy (1978)
12 Feb 10
That's ridiculous Those greedy a-holes will constantly find ways to squeeze money from the economy any way they can. And are they seriously complaining that they ONLY made a $2.7 billion profit? Unbelievable.
1 person likes this
@anniepa (27955)
• United States
11 Feb 10
This is the BEST "I told you so" I've seen in years! I saw that health care costs are now over 17% of our total economy and will only continue to rise dramatically if something isn't done. Well Point is only the beginning. Every other major insurer will soon follow suit, I'm sure. It's comical how some people are so afraid their taxes will go up a few bucks will now probably defend their insurance company for charing them HUNDREDS more for their monthly premiums! Annie
1 person likes this
• United States
11 Feb 10
I hope you know neither of the bills on healthcare reform currently sitting in Washington would have stopped this. The prices still would have increased...why? They are greedy little b*stards. So you can say I told you so all you want. I hate the insurance companies. But that does not mean I want the governmnet to take over healhtcare. I trust them about as much as I trust the insurance companies...and that is not saying much. We need a way that gives the power back to the people and their doctor...not the insurance companies...not the government.
• United States
12 Feb 10
Lil, I understand and agree with you that none of the bills have in it anything that would stop insurance companies from doing this. But, if they actually had COMPETITION from an outside force (not another partner in the profit wars) than maybe they would think twice about losing customers. Here is WHY they can raise their rates, in a normal business, when you lose customers you would lower your prices, and offer incentives for new people to come in. But, insurance companies know that they don't have to do this because most people in these states have no other option, but to use them, so instead of cutting back, they just raise prices, so they can make up for lost profits. I don't know what kind of medical insurance you have, but mine allows me to see exactly how much it cost me to do things like see a doctor, or a specialist and you would be amazed at how much these people make. I would also amaze you how much a stay in the hospital REALLY cost, when you see these number you wonder how it is that they can legally charge the rates they do. If they were bankers, they would be called loan sharks, the rates that they charge are insane, and need to be regulated. A local "NOT FOR PROFIT" hospital by me has spend tens of millions building onto it's hospital, buying up whole neighborhoods and destroying them to make their "campus" larger. I wonder where they get all of this money? I hate to say this, but I trusted our government in the hands of REPUBLICANS, more than I do insurance companies. And that is saying something!!
• United States
12 Feb 10
LOL...that is saying a lot for you. Personally I don't trust either side AT ALL. They have proven they can even handle the responsibilities they already have...much less anything else. I don't trust the insurance companies. But the only plans I am seeing is handing control to A. The insurance companies B. The government I am not happy with either of those choices....I am looking for C. Patients and their doctors being in complete control.
1 person likes this
• United States
12 Feb 10
"But the only plans I am seeing is handing control to A. The insurance companies B. The government I am not happy with either of those choices....I am looking for C. Patients and their doctors being in complete control." I think it's pitiful that those are our only options!!! We're being led by bozos. Since this healthcare thing came up, I've been 100% behind the government going in there--through outsourced, private means--and regulating private companies to hell and back - stopping this high charge BS for the public interest, opening up competition within the industry, prevent so many lawyers from becoming rich, etc. I bang my head up against the wall asking why the government HAS to seize control of something before simply fixing it. Just fix some of the problems. Worry about your ideology later. Neither side seems to give a crap about solutions. They just want what they want. Common sense says to start fixing what's broken IMMEDIATELY before fighting to swtich to an entirely new system. Because, honestly, if we can't get one to work, why should any of us have faith that another could? And let's not even get started on how inept the government proves to be at nearly everything. It drives me nuts.
@matersfish (6306)
• United States
12 Feb 10
Yes. Insurance companies are greedy and are only concerned with making profit. I've never met anyone who has contended otherwise. I know some people who, if you asked them a certain way, would say they're more than happy with their current insurance. But if you threw in "what if it was more affordable" you better believe they'd do backflips and proclaim "HELLZ TO THE YES... I want that!" All that aside, this bit of news doesn't have anything to do with anything that I can tell. I still don't know anybody who doesn't want insurance reform -- which could include regulating private companies to ensure blood-sucking practices are done away with. Some just don't want what you want, but that doesn't mean they don't think some things should be changed. Is this meant to be a "BOOYA" moment on the side of government-run, universal healthcare? I think it's pointless to get into the 300+ million needing it and 100+ (maybe not even that many) who could potentially pay for it. A lot of things need to be fixed in healthcare. A lot of things need to be fixed in general. I'm happy for your (kinda) BOOYA moment. Great new emoticons!
@markodoom (243)
• United States
12 Feb 10
I love your 'I told you so'. You were bang on the money then and you continue to be now. So now can we have a campaign to open the eyes of the blind and those who refuse to see? Those are the people that bother me the most. Sorry to change the subject ever so slightly but I remember thinking back in 2003 when the TV channels were filled with news programs which were filled with flags and glory banners and rhetoric about a War on Terror and then in the same sentence talking about Iraq. EVERYBODY and I do mean EVERYBODY that I know was full force behind this jingoism. And I mean FULL FORCE. I couldn't believe what I was seeing or hearing. It was the first time I really had to question why I had chosen to live in this country. I thought: Are ALL these people REALLY going to act on such scant and questionable information? The answer came quick. And my friends, NOTHING has changed. The lies continue and there is an endless line of people who are DESPERATELY wanting to believe them. The believers are out there. You hear them babbling on the news everyday. Facts hold no weight. It's the rhetoric that counts. And the same old guff gets regurgitated day in and day out. I stopped paying health insurance months ago. When I did, I at first became very scared. Then I suddenly realized how much better off I was financially and that all those years I'd been paying all those thousands and still footing large medical bills..well, I needn't have bothered. The medical bills are large with or without the insurance when they come. Why not put the thousand dollars a month away safe somewhere and hope for the best - insure yourself. In fact why not do away with insurance altogether. It's a scam industry from start to finish. Why for instance did I pay $350 per month auto insurance for all of last year for a policy that has a $1000 deductible and which I don't claim on for breakdowns. I don't need it. If it wasn't for the legal requirement I wouldn't pay it. Insure yourself. It's time we all sat up and took a look at insurance in general and said: "I am not going to be ripped off any more." Then let;s turn to the pharmaceutical industry.