Blue Cross just raised some eyebrows in California with its new proposed rate increases of up to 59%. The newly elected Insurance commissioner called for a delay in the rate hikes saying recent increases by the industry were alarming. Not everyone needs health insurance, but if you are old, you are being singled out. All of that spare retirement money, just laying there. It’s a side effect of “quantitative easing” AKA inflation.
I just switched my company health insurance from Health Net to Anthem Blue Cross. My Anthem rates are about $15 a month higher. Just before the conversion I got a letter from Health Net stating that my present doctor, dentist and pediatrician would no longer honor the plan. By switching, I was able to keep all three of our doctors. It kind of makes you wonder what Health Net did that my doctors, as a whole didn’t like. Notice with the proposed Obamacare, who cares how much the premiums are?
Then we have our new Governor “MoonBeam” Jerry Brown and his new budget proposals set for release tomorrow. Let’s just call it Christmas in reverse. The press prints phrases like “Painful budgetary truth,” “Chronic budget shortfalls.” The new governor wants a pay check, he won’t work for free. The truth is, no one valued Arnold’s free advice, it was deemed "Worth less." Make Californians pay for the "Bad news" advice.
A cure-all statement that is constantly repeated by politicians with little effect is: “We need to create more jobs to stimulate the economy.” If no one is buying, what are you going to produce and hire people to make? Better yet, what products can we make here cheaper than out sourcing to China?
So what is the bottom line? --no new money for government, no new jobs, high health care costs, no money for education, fire or police. If you are on welfare, they are going to pull the rug out from underneath you.
There is a comfort level we all enjoy, and it is starting to look as if, --We can't get there from here.
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