Thursday, March 11, 2010
When Health Insurance Companies Attack
Posted by Dan Pfeiffer on March 11, 2010 at 01:22 PM EST
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.