Here we go again....of course the government wants more of our money....of course my broker wants more of my money.....of course everything is more expensive today...or is it?
More importantly, while my commission dollars are down (due to decreased home prices) Blue Cross/Blue Shield has put in a request to raise rates on individual lines of insurance. This rate targets individual plans as well as three plans for supplemental Medicare plans ( that is the reward Seniors get for living sooo long). Oh, they don't want to raise rates by a couple of percentage points lets talk 24% up to 41% Are they kidding! Please we need to stop the madness! If the rate increase goes unchallenged, the new rates will begin June 1, 2009. According to Blue Cross they NEED to do this increase due to a $Billion Dollar loss in business forcasting into the next 3 years. Michigan Attorney General Mike Cox is challenging those financial projections stating they are being exaggerated to help push for a legislative overhaul of the individual insurance market in Blue Cross's favor. Hey, I don't know about you, but if I told my clients rates were increasing by 25-40% you can bet your bottom dollar they would NO longer be my clients. Blue Cross has me by the NECK....I need health insurance, because according to the government I make too much money--please explain that to my creditors. Please contact Michigan Attorney General Mike Cox and the Office of Insurance & Regulations~take a stand tell them NO MORE!
Make your voice heard email your opposition to Blue Cross/Blue Shields Rate Request Increase to:miag@michigan.gov (just copy & paste into your email address)
"Professionally Bringing Home Buyers & Sellers Together"
Comments(0)