22 Percent
Yes, that’s the average increase that is reportedly in store for roughly 163,000 policy holders in Michigan. The news from Blue Cross Blue Shield of Michigan is that people under certain plans may expect an average 22 percent increase. Certain supplemental Medicare policies affecting roughly 210,000 Michigan seniors will increase an average of 4.7 percent. Numbers many are struggling to comprehend, nevertheless afford.
The response from the House Energy and Commerce Committee was swift and direct. Earlier this week, Reps. Henry Waxman (D-CA) and Bart Stupak (D-MI) fired off letters to various insurance companies asking for detailed information regarding executive pay. The letter states that the committee is “examining executive compensation and business practices in the health insurance industry.” Language many others are struggling to comprehend, nevertheless believe.
As the healthcare reform debate continues, it is sometimes startling how poorly some institutions behave. Granted this is not the time for the faint of heart, but it is little wonder that words like “villain” and “socialist” are tossed around with regularity from our highest offices.
To read a copy of the committee letter go here.
