It's a good thing the public option was never promoted. Who ever would have gone for such obvious socialism? Corporate socialism is just dandy but when it bleeds into the government, no way. It's much better to support rate hikes that are providing some of the highest executive compensation plans in the country. LA Times:
California insurance regulators cleared the way Wednesday for Anthem Blue Cross to implement scaled-back rate hikes after a previous increase was canceled amid an uproar over its size.
Anthem said it intends to put the new rates — averaging 14% and as high as 20% — into effect Oct. 1 for nearly 800,000 individual California policyholders.
Regulators also allowed one of Anthem's nonprofit competitors, Blue Shield of California, to move ahead with rate increases — averaging 19% and as high as 29% — for 250,000 individual policyholders.
