Originally Posted by free4now
I just noticed a strange coincidence: The date of my rate increase is exactly 18 months since I began the plan, and there is a statement in the letter that:
That website timed out when I entered my info to check alternatives, probably because lots of folks got the same letter.
Given that I'm not being singled out, I won't start hypothesizing about them trying to switch me into a lesser plan.
My guess is that they are reacting somehow to their predictions of what will happen to healthcare under Obama.
Hmmm. . . nice theory, but probably not viable. All their rate changes have to be approved by your state insurance commissioner. They have to demonstrate from an actuarial perspective why the rate is needed. There isn't any current data that I'm aware of that can be used to make rates on some future unknown legislation. Someone else here may have other insight.
You may have moved from one age band to another, changing your rate. The company itself may have experienced higher than normal claims necessitating a change in the rates (the same would be true for lower than normal claims volume). But, overall, it is important to remember that your rate is not based solely on your claims but on the thousands of claims for people in your age band insured by Anthem in this product.
Insurance carriers are not the sole cause of problems in the health care system. They simply attempt to negotiate the fees charged to their policy holders. They are the passthrough: health care providers decide if they want to serve a patient and how much they want to charge.
It is a problem with this particular industry that they like to point fingers at the other guy as being the cause. And there are more than 2 guys involved in the relationship of finger-pointing.