Governor Patrick has come to our rescue again. Instead of insurance premiums skyrocketing 22.6 percent, they will skyrocket 12.9%. WooooHooooo! Let me pull that 12.9 % premium increase right out of my 1.5% raise this year. I’ll pay that right after I pay the National Grid rate increase. Oops! After I pay my property tax increase! Uhhh, after the sales tax increase?
Thank Goodness everyone is pleased and thanked:
“We are pleased to be able to reach a settlement with Blue Cross Blue Shield that is good for everyone involved,” Insurance Commissioner Joseph G. Murphy said in a statement.
“The economic emergency caused by increasing health care costs has deeply affected small businesses and working families, and we are pleased Blue Cross-Blue Shield worked with us on an immediate solution to ease that burden,” Barbara Anthony, a consumer affairs undersecretary, said in a statement.
Gov. Deval L. Patrick thanked Blue Cross-Blue Shield and the other insurers who have agreed to rate increase deals. “Skyrocketing premium increases, year after year, are nothing short of an economic emergency and I am committed to working with all stakeholders – insurers and providers – to develop immediate and long term solutions,” he said.
This is eerily similar to the “pat Governor Patrick on the back” deal with National Grid. Corporation presents ridiculous rate increase; deal is reached for roughly half. Do they really think we don’t see through this? It’s a corporate/government game and the only people left holding the bag is the consumer.
12.9% is a skyrocketing rate increase. It’s probably what they were hoping for all along. Enough is enough. Do we want the working middle class to have discretionary dollars to spend or not. For many, this money will simply be pulled from the grocery budget, clothing budget and Christmas budget. People will go to the doctor less to avoid the co-pays and deductibles that they now won’t be able to afford because of the rate increase. BCBS currently charges $1446.28 per month premium for the silver plan ($1000. family deductible) for a family of three. A 12.9% rate increase on that plan is $187./ month. Whether or not the increase applies to that plan or not, I don’t know. The point is that this pulls huge sums of money out of our economy simply to pad the profits of corporations. They don’t need any more money. Our economy needs the money.