What a business model. What other industry can get away with increases like this during the worst economic period since the Great Depression? It's a relief to Big Insurance that the White House folded on the public option. But hey, don't let that stop the industry from calling him a socialist and anti-business. Yes, like Wall Street they wanted even more and will stop at nothing until they get it.
The state has given Anthem Blue Cross and Blue Shield the go ahead to raise premiums by as much as 47 percent for some members, and says health care reform is the reason why.
Attorney General Richard Blumenthal sent a letter to Insurance Commissioner Thomas Sullivan on Oct. 6, asking what he called "excessive" increases were approved without full consideration of all the facts. His letter mentioned rate increases for both Anthem and Aetna.
