We hear all the time about rising health care costs, but this really takes the cake. Read this and you'll understand why we can't trust health insurance companies and need to have a public option in health care reform.
Blue Cross has just announced that it's immediately raising premiums charged to hundreds of thousands of individual customers by as much as 39% -- even though their parent company's profits soared to a record $4.7 billion last year.
Even worse, the insurer has so far refused to explain why they're increasing their rates, and warned that they might do so again this year without warning.
The Obama administration is demanding answers from Anthem Blue Cross, and Congress has opened an investigation. But Blue Cross is only going to respond if this story becomes a major public-relations problem for them.
So it's time to turn up the heat. I just signed a petition calling for an explanation from Blue Cross -- will you join me? http://pol.moveon.org/bluecross/?r_by=18941-1165144-3OTXO9x&rc=paste
P.S. This will give you an idea of why BCBS is raising its premiums: http://www.gather.com/viewArticle.action?articleId=281474977686804