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I disagree with Ms Kings assertion that Affordability Care will mitigate price increases. Sure, our commissions will surely be impacted, however all the taxes in the Act will take place in the next two years. Also people not paying premiums will strain the health care system causing a huge increase in prices. It is axiomatic when demands for services go up without a corresponding increase in the ability for the industry to rise to the demand, the costs will go up.
Blaming CA Anthem for structural problems from Government mandates, excessive high end prescription drug therapy , excessive defensive medical tests and obtuse legal settlements, devaluation of currency seems real silly!
The Anthem profit, agent commission rates are very modest and not the real reason for higher rates on the Personal lines insurance premiums. Our personal Anthem renewal went up over 20% (part age bracket profile change and annual expense of unsolicited expanded coverage).
Hey Davey, know need for you to regulate private industry the market does that just fine. Why don’t you ask CalPers to invest in health insurance companies or just give the money to them since it will spent anyway. Then you too can experience the decreased ROI’s and increased cost of Health Care due to a carelessly written(by your cronies) and passed(March 23,2010) law that you know want to implement. Oh yeah, you probably haven’t read all 2700 pages yet. The ending is beautiful.