Blatant Health Insurance Profiteering – I’m Shocked, Speechless and Disgusted – XZY@#$%^&*()

Here’s a RULE OF THUMB in health care financing. How do you keep the sick and ill from joining your health plan ? You charge such a HIGH premium that no one in their right mind will join.

I am shocked that the NYS Health Insurers would charge these outrageous premiums for Individual coverage: It’s Disgraceful !!!!! Its Inhuman !! Its Unbelievable!!

April 2009

Premium Rates for Standard Individual Health Plans

New York County

Monthly family premium rates for Point of Service Plans (POS)      Annual Premium Cost

$4450 – Aetna Health. Inc.                                                                                  $53,400

$3776 – Atlantis Health Plan, Inc.                                                                      $45,312

$4066 – Empire Blue-Cross/Blue-Shield HMO                                              $48,792

$6824 – GHI HMO Select, Inc.                                                                           $81,888

$4187 – Health Insurance Plan of Greater New York, Inc.                            $50,244

$3816 – Health Net of New York, Inc.                                                                $45,792

$3500 – Managed Health, Inc.                                                                             $42,000

$4208 – Oxford Health Plans (NY), Inc.                                                            $50,496

HMO family rates for these same insurers range from $2266 to $5686 $27,192 to $68,232

Do we ever need Health Insurance Financing Reform? You bet your life we do.

The health insurers are asking for it, and literally begging for it.

I am speechless to think that the the health insurers in NYS have the audacity and the stupidity to put these types of premiums in the market – now really $80,000 annually for a health insurance policy.

It is an insult to all of us that purchase health insurance coverage from these misguided corporations.

Finally, I am Disgusted with the NYS Department of Insurance in allowing health insurance carriers licensed in New York State to quote these outrageous and ridiculous premium rates to the Public — shame on you. What is going on here Attorney General Cuomo?

http://www.ins.state.ny.us/hmorates/html/hmonewyo.htm