Guest Post: Blue Shield Of California To Hike Insurance Rates Up To 20%

Tyler Durden's picture




 

Submitted by Mike Krieger of Liberty Blitzkrieg

Blue Shield Of California To Hike Insurance Rates Up To 20%

Good thing there is no inflation, you know, except in every single thing every single American needs to buy to survive that is!  The hits just keep coming for California, America’s very own Greece.  Remember the article I posted a couple of days ago titled: Payday Loans in California: School Districts Owe $1 Billion on $100 Million Borrowed.

Now we find out from the LA Times:

Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums.

In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers, effective in March, with a maximum increase of 20%.

 

That should be a real boon for California’s economy.  Meanwhile…

Some other states limit how much surplus can be held by nonprofit health plans. Other regulators press nonprofit insurers to return more money to consumers and the community overall since their stated mission is to serve the public good. Washington’s insurance commissioner has said the two big nonprofit Blue Cross and Blue Shield plans there hold enough surplus to allow a portion of it to be used to reduce rates.

Wait a minute.  This is a “non-profit?”  It is truly amazing that whenever I think this ghetto economy we have couldn’t be more screwed up, it immediately proves me wrong.

Full article here.

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Thu, 12/13/2012 - 23:55 | 3061868 willwork4food
willwork4food's picture

10" soft? Well, i hope i dont meet you in our respected FEMA camp showers..

I'm on for fight club friend. It's quality over quantity.

Fri, 12/14/2012 - 07:50 | 3062132 flattrader
flattrader's picture

Yep...it's like nobody here noticed the health insurance company rip-offs, denial of claims due to "pre-existing" conditions that weren't "pre-existing," denial of care and treatment by insurance cos. over-riding the orders of physicians, Insurance Comapny Death Panels at HQ, etc...

This has been going on for decades.  Suddenly NOW, it's an issue.

Thu, 12/13/2012 - 21:27 | 3061494 Zap Powerz
Zap Powerz's picture

@g3h

All we need is MOAR governmen right!?  And then all of our problems will be solved.

Fri, 12/14/2012 - 08:18 | 3062143 flattrader
flattrader's picture

The 1996 Health Insurance Portability and Accountability Act saved the lives of two people I know because the insurance companies couldn't deny care by claiming "pre-existing" conditions.

Prior to that, people were denied coverage and care for the most inane and capricious reasons.

ZH posters, for supposedly being "above-average," are by and large selective political amnesiacs.

Fri, 12/14/2012 - 12:24 | 3062863 flattrader
flattrader's picture

The a-hole who junked me must work for a health ins. co.

What's wrong buddy?  Does it irk you that you can no longer deny care to sick people on a whim?  Cutting into your bonus money?

FU

Thu, 12/13/2012 - 21:27 | 3061496 Go Tribe
Go Tribe's picture

Someone was bitching to me the other day about how their insurance company didn't want to pay for a particular treatment and so they went to a doc who didn't take insurance and they paid cash. So I said, "And you think the federal government will be any kinder to you?" Made for a very long pause.

Thu, 12/13/2012 - 21:39 | 3061521 Yes_Questions
Yes_Questions's picture

 

 

Good point, but says more about the people (voters) than the Federal Government.  

 

Thu, 12/13/2012 - 20:51 | 3061386 Chupacabra-322
Chupacabra-322's picture

John D. Rockefeller wanted to gain control of education, including the medical education systems. He did that with the help of Fred Gates. Fred Gates was a Baptist pastor, who left that post to become secretary of the American Baptist Education Society. Rockefeller was a devout Baptist himself, so the two were destined to meet. Rockefeller donated $600,000 to the Baptist-based Chicago University, under the suggestion of Fred Gates. (Now known as the University of Chicago Medical Center.)

In 1901 the Rockefeller Institute for Medical Research was founded. One of the names on the board of the Rockefeller Institute for Medical Research was Simon Flexner. It was Simon Flexner’s brother, Abraham Flexnor, who had one of the biggest hands in medical education reform. (Interestingly, Abraham Flexner was born in Kentucky, one of the largest growers and suppliers of hemp during WWII.)

Abraham Flexner was on the staff of the Carnegie Foundation for the Advancement of Teaching.

“As mentioned previously, the Rockefeller and Carnegie foundations traditionally worked together almost as one in the furtherance of their mutual goals, and this certainly was no exception. The Flexner brothers represented the lens that brought both the Rockefeller and the Carnegie fortunes into sharp focus on the unsuspecting and thoroughly vulnerable medical profession.” (He Who Pays The Piper – Creation of the Modern Medical (drug) Establishment; G. Edward Griffin)

(This is where the web of control and monopolization seems to be even more intertwined.)

The American Medical Association was founded in 1847 and incorporated in 1897. In the early 1900s the AMA realized that there needed to be some changes in medical education. Medical practice and education in some areas left a lot to be desired (poor training and understaffed medical schools). It created the Council on Medical Education, with the purpose of evaluating countrywide medical training and making improvements where needed. However, they didn’t have enough money to do this. Enter Rockefeller and Carnegie and their funding and popularity. The president of the Carnegie Foundation, Henry Pritchett, met with the AMA and offered to take over the entire Council on Medical Education project.

Here was the classical “philanthropic formula” at work again. Have others pay a major portion of the bill (the AMA had already done most of the work. The total Carnegie investment was only $ 10,000), reap a large bonus from public opinion (isn’t it wonderful that these men are taking an interest in upgrading medical education!), and gain an opportunity to control a large and vital sphere of American life.” (He Who Pays The Piper – Creation of the Modern Medical (drug) Establishment; G. Edward Griffin)

“—In the 1800?s the American Medical Association (AMA) resented their competitors who drove down the cost of medical care and drew away customers;
—The AMA called upon the strong arm of government force to vanquish the competition, it did so through regulating medical schools;
—A report was commissioned calling for the standardization of medical education, this was the Flexner Commission;
—The report of the Commission concluded that there were too many doctors and medical schools in America and recommended reducing the number of schools. The public outcry generated by the report convinced congress to declare the AMA the only body with the right to grant medical school licenses in the United States.” (Campaignforrealhealth.com)

In 1910 the Flexner Report was published. It pointed out medical inadequacies, but it also did much more than that.

(Instead of going into more deep jargon, I’ll just give you the condensed version from here on out.)

In the late 1800s and early 1900s there were many schools that taught Eclectic medicine (botanical and herbal medicine), Holistic medicine, and Naturopathy. These schools were not in line with the pharmaceutical drug-pushing agenda of the Rockefellers and AMA. Because these schools did not sit well with the Flexnor report, they were not allowed accreditation.

Flexner clearly doubted the scientific validity of all forms of medicine other than that based on scientific research, deeming any approach to medicine that did not advocate the use of treatments such as vaccines to prevent and cure illness as tantamount to quackery and charlatanism. Medical schools that offered training in various disciplines including eclectic medicine, physiomedicalism, naturopathy, and homeopathy, were told either to drop these courses from their curriculum or lose their accreditation and underwriting support. A few schools resisted for a time, but eventually all complied with the Report or shut their doors.” (wikipedia)

The last Eclectic medical school closed in 1939.

Holistic health, botanicals and herbs, and nutritional therapy were not part of the agenda of the Rockefellers and AMA. Remember, also, that this was the time when the Rockefellers had the monopoly on pharmaceuticals and when Hemp was a huge threat to their pharma and oil investments.

Billions of dollars have been donated to American medical schools, but those dollars have not just been from Rockefeller and Carnegie. Funds also have come from Ford Foundation, Kellogg Foundation, The Macy Foundation, and others. It also appears that the main focus is study and research into pharmacology. (Where is the study of herbs, plants, nutrition, holistic health????)

Proper nutrition was not taught in medical schools as a preventative for disease; instead, drugs and pharmaceuticals were made to be part of the program to treat the symptoms, as opposed to getting to the root cause of the disease.

While doctors are forced to spend hundreds of hours studying the names and actions of all kinds of man-made drugs, they are lucky if they receive even a portion of a single course on basic nutrition. Many have none at all. The result is that the average doctor’s wife or secretary knows more about practical nutrition than he does.” (He Who Pays The Piper – Creation of the Modern Medical (drug) Establishment; G. Edward Griffin)

The Flexner report had a huge effect on alternative medicines. And where did it all start? William Avery Rockefeller and his family monopoly and investments in pharmaceuticals – and their hand in prohibiting hemp farming in the USA.

Where does hemp come into play in all this? Hempseed and hempseed oil have incredible nutritional and medicinal value. Almost any condition or disease can in some way be treated or cured with hemp. A diet rich in hemp, with the perfect ratio of Omega fatty acids, amino acids, vitamins, anti-oxidants, and nutrient density can be one of the preventative steps in delaying disease.

http://hemphealer.wordpress.com/2012/03/01/the-rockefellers-the-flexnor-report-the-ama-and-their-effect-on-alternative-nutritional-botanical-medicine/

Thu, 12/13/2012 - 20:58 | 3061405 Tsunami Wave
Tsunami Wave's picture

If I were someone in the government, I would wiretap their decendents, and order the assassination of their entire families.

Thu, 12/13/2012 - 23:21 | 3061793 smiler03
smiler03's picture

Cut & paste award of the day. Do you really think anybody read it all?

Thu, 12/13/2012 - 23:24 | 3061803 blunderdog
blunderdog's picture

Dude, he was talkin'bout WEED, that's righteous...

Fri, 12/14/2012 - 00:38 | 3061923 Race Car Driver
Race Car Driver's picture

Idiot. Rub two thougths together and try and comprehend the size of the conspiracy... and not be a moron?

Junk.

Fri, 12/14/2012 - 11:07 | 3062581 blunderdog
blunderdog's picture

You must be very proud of your thinking skills.

Fri, 12/14/2012 - 08:55 | 3062182 DosZap
DosZap's picture

John D. Rockefeller wanted to gain control of education, including the medical education systems. He did that with the help of Fred Gates. Fred Gates was a Baptist pastor, who left that post to become secretary of the American Baptist Education Society. Rockefeller was a devout Baptist himself, so the two were destined to meet. Rockefeller donated $600,000 to the Baptist-based Chicago University, under the suggestion of Fred Gates. (Now known as the University of Chicago Medical Center.)

 

Well,unfortunately they did not succeed in gaining control of the Educational system, look what we have now, a bunch of something for nothings,(thank you Progressives, aka Socialitistas,and Black Liberation Theology , and Prosperity Gospel BS).(the American Baptists split from the Southern Baptists in the late 50's because the Southern Baptists were too liberal, LOL)

Thu, 12/13/2012 - 20:53 | 3061392 justanothersucker
justanothersucker's picture

Business + government = Fuck the masses

Thu, 12/13/2012 - 20:54 | 3061396 j0nx
j0nx's picture

Fuuuuuck them. They voted for it. Suck it down libs.

Thu, 12/13/2012 - 20:55 | 3061397 yogibear
yogibear's picture

Obama's follwing through with Broke and Change. This president is taking us to the poor house.

 

 

Thu, 12/13/2012 - 21:29 | 3061498 Go Tribe
Go Tribe's picture

That's really all they know.

Thu, 12/13/2012 - 20:55 | 3061399 Critical Path
Critical Path's picture

"Living Standards - heading in the same direction they have for the decades leading up to the Great Recession, just much faster"

- The American Economy, post 2008

 

Thu, 12/13/2012 - 20:56 | 3061402 cherry picker
cherry picker's picture

If I lived in California I wouldn't pay a nickel for insurance and if I needed to see a doctor I would cross into Mexico and pay cash.  I've done it  You can buy a lot of competant medical care in Mexico for one month's premiums.

Thu, 12/13/2012 - 21:06 | 3061434 j0nx
j0nx's picture

Don't pay a nickel and show up at the ER like all the illegals. Tell them your name is Jose Jimenez. I'd love to see the look on their face when thousands of white guys show up saying their name is jose guadalupe or pancho villa or something mexican sounding. Illegals get away with it so why can't we? If they try to do anything about it then call them racists. Seems to work for everyone else these days.

Thu, 12/13/2012 - 22:23 | 3061648 socalbeach
socalbeach's picture

Bueno idea. Time to learn Spanish.

Thu, 12/13/2012 - 23:26 | 3061806 blunderdog
blunderdog's picture

Seriously?  You haven't tried that yet?

Thu, 12/13/2012 - 21:07 | 3061438 A Lunatic
A Lunatic's picture

I receive up to a 20% discount for same day cash payment from my medical/dental professionals because they do not want to deal with paperwork, insurance adjusters, or government bullshit. I get treated, they get paid and we all save time and money...........

Thu, 12/13/2012 - 22:21 | 3061643 Winston Churchill
Winston Churchill's picture

Your getting ripped.

Mine give a 50% discount for cash.

Thu, 12/13/2012 - 21:09 | 3061443 trollin4sukrz
trollin4sukrz's picture

Thats if you can keep the cartels from cuttin off your head.. Take a hellova doctor to sew it back on straight.

Thu, 12/13/2012 - 21:25 | 3061487 Id fight Gandhi
Id fight Gandhi's picture

If you have an emergency you're screwed. Cash patients pay the full rate, sucks big time if its the ER.

Thu, 12/13/2012 - 21:22 | 3061478 dolph9
dolph9's picture

Well yeah I mean in the end industrial medicine is a racket, seeing how its goal is the impossible...to make people live forever.

Medicine doesn't accept limits anymore than the Bernank does.

And in order to try to achieve this goal, they will try to suck the blood out of...healthy people!  Talk about medieval.

Think about it.  Your rates are going up because the "insurance" is used to pay for dialysis and vents and all manner of drugs and procedures for the elderly and ill who are the conduits through which profits flow to the sector.  The ill certainly aren't paying for it...they're broke.  And the CEO of Blue Cross Blue Shield sure as hell isn't paying.

Medical insurance is a scam.  Because everybody who is insured is guaranteed a payout eventually, the business model makes no sense, and wouldn't survive in a free market.  It is therefore dependent on government subsidy and in the end coercive participation...which makes it fascist.

So they will keep on sucking and sucking until you die from poverty, and once you die from poverty, the system collapses and by that point nobody cares.

Thu, 12/13/2012 - 21:22 | 3061480 Racer
Racer's picture

That's nothing.. mozzarella is up  over 100% in the last couple of weeks, butter by  over 25% whilst the farmers get no increases

Thu, 12/13/2012 - 21:25 | 3061489 squexx
squexx's picture

Meanwhile, as California continues to crash and burn..............

Thu, 12/13/2012 - 21:30 | 3061502 Jack Burton
Jack Burton's picture

The market dictates higher rates, that is the way it should be. Customers do not NEED to buy Blue Cross Blue Shield. It's the best system in the world and these rate increases reflect the magic hand of the market at work.

Thu, 12/13/2012 - 21:43 | 3061527 DaveyJones
DaveyJones's picture

is this the same magic hand that proctologists use?

Call me GoldFinger

Thu, 12/13/2012 - 22:25 | 3061654 JR
JR's picture

Or as Paul Craig Roberts puts it, "What [Obameycare] does is to convert public monies into private profits."

Fri, 12/14/2012 - 03:37 | 3062030 IridiumRebel
IridiumRebel's picture

Best system in the world.....I'll quote you on that.

Thu, 12/13/2012 - 21:31 | 3061504 QQQBall
QQQBall's picture

they are raising mine over 24%

Thu, 12/13/2012 - 21:34 | 3061511 notadouche
notadouche's picture

Wait I thought Obama care was going to push down the prices of insurance, meds and doctor's.  Hmmm.  Hope and change, hope and change.  

Thu, 12/13/2012 - 21:35 | 3061512 strayaway
strayaway's picture

In February 2008, Senator Obama promised that "We are going to work with you to lower your premiums by $2,500. We will not wait 20 years from now to do it, or 10 years from now to do it. We will do it by the end of my first term as president." Instead, the average health insurance premium went up $3,000 during his first term. 

Thu, 12/13/2012 - 21:46 | 3061531 DaveyJones
DaveyJones's picture

He would have but then the bankers screwed everything up. That's why he's putting so many of them in jail.

Thu, 12/13/2012 - 23:33 | 3061826 willwork4food
willwork4food's picture

Yes, the massive legal over-time against the  corporate mortgage thieves, the SEC legals, let alone the slime at Goldman have kept them busy. Don't blame them for they are looking out for your welfare.

Thu, 12/13/2012 - 22:58 | 3061747 JR
JR's picture

And it was Democrat Senator Barack Obama, speaking at the inauguration of Goldman Sach’s think tank, the Hamilton Project (cleverly imbedded in the Brookings Institute), who promised his “friend Bob (Rubin)” cuts to entitlements such as Social Security and more NAFTA-type agreements. Looks like he's delivering on this one.

As Galbraith said, according to Lee Lochel, in the end the sum of Neo-Classical Economics is that the poor don’t work because they are paid too much and the rich don’t work because they are paid too little.

How long is it going to take white middle-class Americans to realize they’ve been had; how long before they fight back for a way of life that was unequaled around the world? Somebody has sold the white race a bill of goods. They can demonize you, but to criticize them is a hate crime. Wealth was to be generated from work and growth from investment of savings – not by government taking huge sums of money uinder taxation by force, central planning by money manipulators and welfare for imported low-wage labor working for the bankers and corporatists.

 

Thu, 12/13/2012 - 21:59 | 3061581 pragmatic hobo
pragmatic hobo's picture

insurance companies are now sanctioned by the government to rape the middle class any which way they see fit. Thank you Mr Obama. No one can sell the middle class down the river as well as you do. What's next? Extending the bush tax cut for the wealthy while increasing age for social security eligibility?

Thu, 12/13/2012 - 22:13 | 3061619 GtownSLV
GtownSLV's picture

How about Cal State or UCLA use some of it's endowment money instead of raising tuitions the next time a little more money is needed... oh wait....

Thu, 12/13/2012 - 22:16 | 3061634 loveyajimbo
loveyajimbo's picture

If Obongo is trying to destroy this country as a sort of Manchurian candidate... he is really quite successful... since his records are sealed, and no whitey has the stones to make an issue of them... get ready for even more fun in the near future...

Thu, 12/13/2012 - 22:49 | 3061724 Jack Burton
Jack Burton's picture

Perhaps he is just following in George Bush's footsteps. The groundwork for destruction of America was well in place after 8 years of war and borrow and spend. Not to mention a fincial system in collapse.

The Parties work in tandum. It is simply a god cop bad cop thing with both working for the same boss.

Fri, 12/14/2012 - 00:28 | 3061780 JR
JR's picture

Fixing the blame on the axiom that everybody does it, first Bush now Obama, misses the story of the decade; namely, Obama is the agent who would destroy root and branch of the country that our Founders built. And that’s saying quite a lot.

Yes, he is a banker puppet but more, he is the predatory mob’s leader come to dismantle everything Jefferson and Madison built and remake a great country into a Third World swamp.

Bush is over; he was bad; he was dumb; he was molded; but he never set out to redo the basic concepts of America as Obama has. And Obama has the blessings of the bankers to do it.

Fri, 12/14/2012 - 14:06 | 3063238 DaveyJones
DaveyJones's picture

not fair to either to give credit to one. This place is falling like any other empire. Like everything else modern, just faster with more global friends.

Thu, 12/13/2012 - 23:09 | 3061772 Platinum_Investor
Platinum_Investor's picture

No Inflation anywhere in sight.  What a scam this government is.  

Thu, 12/13/2012 - 23:24 | 3061804 Dr. Gonzo
Dr. Gonzo's picture

Good thing there's no law on the books that says you have to buy health insurance if you're healthy and don't need it. Oh wait. There is. Obama fixed it. The best fascist crony insider nation in the world... and probably ever. 

Thu, 12/13/2012 - 23:29 | 3061810 blunderdog
blunderdog's picture

Yep.  It was a Obama decree.  He just won the election and said, "everyone will buy insurance," and we're all under his command.

Sucks, huh?

Fri, 12/14/2012 - 04:44 | 3062050 spooz
spooz's picture

You're only healthy until your luck runs out.  Then, if you're uninsured, you may go bankrupt or become a "freeloader". 

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