Post border

Pennsylvania Health Insurance Companies Under More Scrutiny

With rising health insurance rates and a high unemployment rate that makes it harder for people to afford them, several states have used their regulatory power to take matters into their own hands. The Obama administration is giving grants to states who plan to step up enforcement.

Pennsylvania is the latest to attempt capping rate increases. Democratic Governor Ed Rendell criticized the state’s major health insurers–Independence Blue Cross and Highmark among them–for allegedly gouging consumers by increasing premiums by over half! That is in contrast to the 5% to 10% annual increase in actual medical spending.

Rendell and others accuse Pennsylvania health insurance companies of extracting as much money as possible prior to to the most stringent healthcare reforms taking effect.

Tags: , , , , , , , ,

Post border

Leave a Reply