California has a Major Risk Medical Insurance Program for those with no other option for coverage, but there's a $75,000 cap on coverage and a three-month waiting period, and this is not helping many individuals. Look at some of the recent increases in premiums, they are huge, and we wonder why everyone disliked the health insurance business. The increase percentages are in the 60% range. I guess new ventures like the one listed below
have to be funded in some way.
UnitedHealth To Spend Tens of Million of Dollars with Cisco to Build Nationwide Telehealth Network
Watch what Wendell Potter has to say about all of this on PBS, from a former insider, it’s all about the money and not healthcare. BD
So as Shari Carter avidly follows news from Washington on the summer of health care reform, she thinks about $1,059 — the monthly amount that cost Carter her HMO.
"I've never gone without insurance," she said. "It's scary. I'm at the age where they want to get rid of you real bad."
The Orange hairdresser, 60, sacrificed to pay her previous premium of $647, and then she received a letter advising her of a 64-percent increase:
"At Health Net we appreciate that it's never a good time to ask you to pay more for your health insurance coverage. We realize it's especially difficult during these tough economic times…Premiums are going up now due to rising prescription drug costs, increased use of health care services and higher priced technologies."
Ron Werthe, owner of an appliance repair business in San Clemente, said Blue Cross coverage for himself and his wife went from $528 in 2006 for their HMO to $946 in March.
His premiums went from $653 to $1,092 — a 67-percent increase in two months. The first increase came in September. The second was after he turned 55 in October.
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