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View Diary: Dear Mr. President (339 comments)

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  •  Small Businesses (1+ / 0-)
    Recommended by:
    mamkotke

    are huge targets for premium increases.  Either you pony up or you find a different carrier.

    Oliver Wendell, the insurance industry PR person who recently got a conscience and is now a whistle-blower, said that is how Aetna became profitable again.  

    They raised the premiums on small businesses that had actually filed insurance claims until the small businesses dropped Aetna's coverage.

    The word that they used to describe this sounded like "incision", although I think "excision" might be more appropriate.

    •  The other carriers were even higher. (1+ / 0-)
      Recommended by:
      wmholt

      The problem is probably my age - 58, and there are really no "young" people among the 5 employees in my office.  So no health insurance carrier really wants us.  I feel obligated to provide insurance for my people.  Thankfully, many of them elect not to take it because they get better coverage than I can afford in a spouse's plan; the spouses mostly working for larger companies with a larger pool of younger employees.  I've already taken a huge cut in pay over the last 1 1/2 years to keep afloat.  

      I was wise enough to never grow up while fooling most people into believing I had. - Margaret Mead

      by fayea on Sat Jul 25, 2009 at 05:23:25 PM PDT

      [ Parent ]

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