Tuesday, February 09, 2010

California's Largest Health Insurer Defends Premium Increases of Up to 39 Percent

Nearly a million Californians with individual insurance plans have received letters from the company notifying them of the rate hike, which, some customers said, makes their insurance unaffordable.

"I really can't afford to spend $9,000 a year on health insurance," San Francisco attorney Pamela Fasick said of her policy premiums scheduled to increase 28 percent March 1.


But...I thought the free market system would regulate itself!

Health care??? Who needs it???

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