FDL: BCBS NC Mails Customers about 11% Increase Along with Slick Flier Opposing Public Option

[flpoljunkie]

Oops! Blue Cross mails customers about 11% rate increase, opposition to public option
By: Jason Rosenbaum Wednesday October 28, 2009 2:00 pm

It’s hard to make the case that private insurers are simply out to protect their profits any better than this:

Maybe it was just lousy timing, but many customers of Blue Cross and Blue Shield of North Carolina are ticked off at the mail they’ve received recently from the state’s largest insurer.

First, they learned their rates will rise by an average of 11 percent next year.

Next, they opened a slick flier from the insurer urging them to send an enclosed pre-printed, postage-paid note to Sen. Kay Hagan denouncing what the company says is unfair competition that would be imposed by a government-backed insurance plan. The so-called public option is likely to be considered by Congress in the health-care overhaul debate.

For those who need a reminder, a public health insurance option would compete directly with private insurers like Blue Cross, and a public health insurance option wouldn’t have to turn a profit, forcing Blue Cross’s rates down.

Blue Cross extorts more money from their customers with one hand with an 11% rate increase – they do control a whopping 53% of the market in North Carolina after all , and 98% of the individual market and billions in reserve dollars, so they can get away with that kind of thing – and with the other, tries to enlist these same customers to fight against something that would Blue Cross’s rates and profits.

You won't want to miss how North Carolinians responded...

http://seminal.firedoglake.com/diary/11563