Wellpoint, LLC, parent of Anthem/Blue Cross which announced a record single increase of customer’s premiums by up to 39%, just delivered a letter to The White House to explain the necessary marketplace reasons for their outrageous increase. They sent it by email along with the following music video which they claimed should answer everyone’s questions:
Of course they cooked figures and reasons for it but as Health and Human Services Secretary Kathleen Sebelius said in response:
“It remains difficult to understand how a company that made $2.7 billion in the last quarter of 2009 alone can justify massive increases that will leave consumers with nothing but bad options. “High healthcare costs alone cannot account for a premium increase that is 10 times higher than national health spending growth.”
That’s right. $2.7 billion in revenue in ONE QUARTER! And the respose to that is…raise premiums 39%.
I certainly hope Obama and Dems use this to hammer the GOP who want this rape of Americans to continue unabated. I hope they use it as ammunition with Dems in Congress to pass a public option via reconciliation.
Otherwise, if Americans vote Republican in November and 2012, they’re voluntarily cutting their own throats and getting treatment for that will not be pre-approved.