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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (871716)7/10/2015 3:15:29 PM
From: i-node2 Recommendations

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But then a questioner had the temerity to ask Obama about massive rate hikes in the state: “I don’t know if you’re aware,” the questioner said, “that BlueCross BlueShield of Tennessee has announced a significant increase after the one that they gave from 2014 to 2015.”

BCBS is asking for a 36.3% hike in premiums this year, on top of the 18%-plus increase they got last year, because “claims significantly exceed the premiums collected.”

Obama’s response was to tell her to “stay on your insurance commissioner, pay attention to what they’re doing.” Those insurance companies, he said, always ask for sky-high rate increases, and if the commissioner “does their job in not just passively reviewing the rates” then rates will “come in significantly lower than what’s being requested.”

Translation: Obama said, "We totally wrecked the system. We thought we could just TELL insurance companies they don't need to break even, let alone turn a profit, and that would handle the problem. In short, you're fucked, and it is the Republicans' (who didn't vote for the law) fault.
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