Tagged: wellpoint

WellPoint CEO defends rate hikes as pressure grows | Reuters

As much as I don’t like the health insurance companies increasing rates, the one thing that the WellPoint CEO said, during the congressional hearings, that I agree with 100% is:

Unfortunately, the leading proposals being discussed in Washington don’t do enough to control costs” and that other industries “need to be called upon to reduce these costs.

There are no measures in any of the bills proposed that would control the rising costs of health care. Especially in the form of tort reform. Why is there no mention of tort reform? Because trial lawyers, those that benefit from frivolous lawsuits, are HUGE contributors to the Democratic party, giving close to 73% of the time to Dems (almost $179 Million, in 2008 alone).

Have provisions to control costs, then I’ll come on board. Until then, you’re all a bunch of posers.

WellPoint CEO defends rate hikes as pressure grows | Reuters.