http://www.healthinsurancecolorado.net/blog1/2007/03/02/funny-logic/ Research and discussion of the Colorado health insurance industry and the healthcare crisis in America. Fri, 19 Mar 2010 21:55:46 +0000 http://wordpress.org/?v=abc hourly 1 http://www.healthinsurancecolorado.net/blog1/2007/03/02/funny-logic/comment-page-1/#comment-2811 Anonymous Sat, 03 Mar 2007 02:42:10 +0000 http://www.insuranceshoppers.net/blog1/2007/03/02/funny-logic/#comment-2811 The small group tier rating has actually caused increased premiums for small groups. The healthy discount band ratings are actually a sham used to increase premiums on insurance rates. I had Anthem BCBS HMO as a BG1, before this policy took effect. I paid $270 a month. For the first year that this law went into effect, Anthem then raised the standard basis rate to some ridiculous level, and I kept the exact same plan and did NOT have a change in age. They still increased my rates 15 percent to $327 and told me that I was getting a ten percent discount for being a “healthy” member. What Anthem actually did, was offer ZERO discounts compared to the previous year, and then raise my rates by 15 percent. For those deemed unhealthy, their rates would have been raised as much as 40 percent. There should only be standard rates that apply to everyone; otherwise, these insurance companies will use the fact that you visited a doctor a few times during the year as an excuse to level you with outrageous rate increases. The small group tier rating has actually caused increased premiums for small groups. The healthy discount band ratings are actually a sham used to increase premiums on insurance rates. I had Anthem BCBS HMO as a BG1, before this policy took effect. I paid $270 a month. For the first year that this law went into effect, Anthem then raised the standard basis rate to some ridiculous level, and I kept the exact same plan and did NOT have a change in age. They still increased my rates 15 percent to $327 and told me that I was getting a ten percent discount for being a “healthy” member. What Anthem actually did, was offer ZERO discounts compared to the previous year, and then raise my rates by 15 percent. For those deemed unhealthy, their rates would have been raised as much as 40 percent. There should only be standard rates that apply to everyone; otherwise, these insurance companies will use the fact that you visited a doctor a few times during the year as an excuse to level you with outrageous rate increases.

]]>