Wednesday, December 5, 2007

Blue Cross Push To Raise Individuals Rates Health Insurance

Health Insurance the states largest health insurer, is sitting on a $2.84-billion reserve fund and acquiring new for-profit companies, it is seeking legislation to significantly change and raise rates for people buying their own health insurance.

This tells us we have more work to do to help the attorney general understand the important consumer protection provisions of the legislation, the company said in a statement Health Insurance.

The Senate Health Policy Committee is scheduled to discuss the bills Dec.Cox said Health Insurance. People with existing health problems might pay as much as 80% more, he said, and his office and consumers would not be allowed to challenge the rates Health Insurance.

Joining Cox were AARP's Michigan chapter and Consumers Union, a nonprofit health advocacy organization. Create a guaranteed insurance pool to provide coverage for people who can't otherwise purchase health insurance, often because they are sick and costlier to cover. Rates for people in the pool would be set according to age, county of residence and health problems Health Insurance.

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