Another Reason for Health Care Reform

The article "Calif. insurer's rate increases draw attention of federal government", washingtonpost.com, is another example of an insurance company whose greed knows no bounds. Anthem Blue Cross justifies the rate increase of 39% for individual policyholders by saying the company is paying more than it should on care even though the parent company has seen their profits rise in the billions. President Obama's secretary of health and human services, Kathleen Sebelius, has written a letter to Anthem, sort of like calling them on the carpet. Sebelius has requested Anthem to make a full disclosure, to all policyholders, on how the premiums are divided among profits, overhead, and administration costs. This article is interesting because it drives home the fact that reform is desperately needed. Any business is in business to make a profit but to have something that is a necessity to many, then to squeeze the blood out of them to pay for that necessity, should be a crime.