Daily News Updates - Health Insurance News

The Maine Issue:   Health Insurance/Care, Pt.2 – ‘Obscene profits’ targeted.

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The two groups held a rally in Augusta a few months back. Although they are not locked into a ‘boilerplate’ plan as their agenda, they do have some very specific priorities. One is that “Every American should have access” to health insurance. This could be through employer-based or private individual-based health insurance, or even a national-based public health insurance plan.

Even national health care like all the other developed countries would be fine. But every American must have the ability to obtain health insurance. They want the ugly corruption in industry cleaned up and ‘watch-dog’ agents provided to protect our citizens. The health insurance industry needs to be scrutinized for “obscene profits”. (Of course, this would also have to include the health care industry, as well.) Greed is spiraling out of control. We are the worst of all the industrialized nations with this health insurance/care problem.

Since this local spark is a ‘grass-roots’-fire spreading in the State of Maine, the most visible objective is the state’s largest health insurance company, Anthem Blue Cross and Blue Shield. The movement has taken specific aim at this giant and produced significant logistical data for their arsenal. Mr. Chin is citing an August report. which reveals that Anthem has shown a 90% increase profits between 2004 and 2007in the state of Maine. The unacceptable behavior exhibited here is that this increase, clearly, did not come from new enrollees. Anthem’s new policies issued to residents of Maine, only accounted to a paltry 2.4%. 90% = 2.4%? What’s wrong with the math here?

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