Anthem Blue Cross Raises Insurance Rates

Gabriel Malor on the reason for Anthem Blue Cross insurance rate hike: “What’s jaw-dropping is the President’s willingness to imply that more regulation on health insurers would lower rates.”

Posted at Ace of Spades HQ, Gabe goes on:

In fact, part of the reason for the Anthem Blue Cross rate hike is new rules from Sacramento. The insurer is also having to find alternatives to income from younger, healthier Californians who, having been laid off in disproportionately high numbers in Obama’s failed economy, are forgoing insurance in the individual market at greater numbers. That drives up the cost of the individual market.