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FACT CHECK: PRESIDENT OBAMA ON HEALTH PREMIUMS

President Obama Repeats Rhetoric On Health Insurance Premiums, Even As New Reports On Rate Hikes Emerge

PRESIDENT OBAMA: “All This Is Going To Lower Premiums. It’s Going To Make Healthcare More Affordable” (President Obama, Remarks, 9/22/10)

REALITY: “WHOPPING RATE INCREASES ARE COMING SOON”

CONNECTICUT: “Health Insurers Are Asking For Immediate Rate Hikes Of More Than 20 Percent In Connecticut For Some Plans, Citing Rising Medical Costs And Federal Health Reform Laws As Reasons. Both issues — the new federal health care reform and rising medical costs — are significant drivers of the increases, according to filings by insurers with state regulators that were reviewed by The Courant.” (“Health Insurers Seeking Rate Hikes Of More Than 20 Percent In Connecticut,” The Hartford Courant, 9/15/10)

CALIFORNIA: “Premiums In The Commercial Insurance Market Continue Rising At A Brisk Pace, As Illustrated By The Largest Plans In California. Ioannis A. Kazanis, A Spokesman For The California Insurance Department, Said That Starting Oct. 1, Commercial Premiums Would Rise An Average Of 19 Percent For Individual Policies Sold By Aetna And By Blue Shield Of California, 16 Percent For Health Net Policies And 14 Percent For Those Sold By Anthem Blue Cross, A Unit Of Wellpoint.” (“Medicare Advantage Premiums To Fall In 2011,” The New York Times, 9/22/10)

WASHINGTON STATE: “Whopping Rate Increases Are Coming Soon For Many People With Individual Health-Insurance Policies. Most insurers offering individual policies in the state have asked for and been granted rate increases, effective Oct. 1, according to the state’s insurance commissioner. Regence BlueShield’s rate increase an average 16.5 percent was one of the highest. It was topped by Asuris Northwest Health, a Regence subsidiary, with an increase of 23.7 percent. Group Health Cooperative, the fifth-largest insurer of individuals, was considerably lower, asking for an 8.2 percent increase. But its newer program, Group Health Options, asked for a 22 percent increase. By reducing benefits and making other changes, the plans trimmed increases to 7.8 and 13.8 percent, respectively. A lot of angry customers are asking why.” (“Steep Rate Hikes On Way For Individual Health Insurance,” The Seattle Times, 9/7/10)

NATIONWIDE: “Health Insurers … Have Asked For Premium Increases Of Between 1% And 9% To Pay For Extra Benefits Required Under The [Democrat Health Care] Law.” “Health insurers say they plan to raise premiums for some Americans as a direct result of the health overhaul in coming weeks, complicating Democrats’ efforts to trumpet their signature achievement before the midterm elections. Aetna Inc., some BlueCross BlueShield plans and other smaller carriers have asked for premium increases of between 1% and 9% to pay for extra benefits required under the law, according to filings with state regulators.” (“Health Insurers Plan Hikes,” The Wall Street Journal, 9/8/10)

  • “Aetna, One Of The Nation’s Largest Health Insurers, Said The Extra Benefits Forced It To Seek Rate Increases For New Individual Plans Of 5.4% To 7.4% In California And 5.5% To 6.8% In Nevada After Sept. 23. Similar steps are planned across the country, according to Aetna.” (“Health Insurers Plan Hikes,” The Wall Street Journal, 9/8/10)

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About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

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