Why have your insurance premiums gone up in the past couple of years?
Quote:
Health Insurers Making Record Profits as Many Postpone Care
By REED ABELSON
Published: May 13, 2011
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.
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Yet the companies continue to press for higher premiums, even though their reserve coffers are flush with profits and shareholders have been rewarded with new dividends.
Many defend proposed double-digit increases in the rates they charge, citing a need for protection against any sudden uptick in demand once people have more money to spend on their health, as well as the rising price of care.
http://www.nytimes.com/2011/05/14/bu.../14health.html
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