WONDERS OF OBAMA'S HEALTH PLAN UPDATE
It is the third consecutive year that the state's largest provider of individual coverage has boosted rates by double digits. And it comes after two other insurers, Group Health Cooperative and LifeWise Health Plan of Washington, recently imposed similarly steep premium increases.
Don McCanne, Physicians for a Public Health Plan - Once Congress passes a mandate for individuals to purchase health plans, presumably non-profit Regence Blue Shield, as the largest provider of individual plans in the state of
Group Health has been shifting more costs to patients through consumer-directed high deductible plans and HSAs, and still has a double digit hike in premiums. Some model.
Can anyone seriously state, with a straight face, that mandating purchase of these plans will somehow magically end the double digit increases in premiums for these plans?
The answer to this question is actually quite complex, but the fundamental truth is that the cost containment measures under consideration in Congress will have very little impact in slowing the escalation of health care costs.
All other nations have health care financing systems that are much more effective in containing costs and without leaving people out, as we do.