Insurance Co. NEEDS rate Hike!!!LOL!


	Insurance Co. NEEDS rate Hike!!!LOL!

sincitykitty

10-5-2009 1:42 PM

66 views

sincitykitty says:

The video, posted below, is a slick pitch for pitchfork-style outrage. It notes how much WellPoint pays its CEO ($9.8 million) and how much of its policyholders' premiums it spends on lobbying ($9,529,747). WellPoint's subsidiary in Maine says it needs the rate increase to guarantee a 3 percent profit margin.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bc95331a-a932-4a42-a7db-a15bf2e595a3/DBE95098-0D7B-4EEB-86A3-79E5F63FA7C1/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html" href="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html" style="font-size: 11px;">www.huffingtonpost.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html"><H1><A id="title_permalink" href="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html">WellPoint Subsidiary Fights Maine Over Big Rate Hike (VIDEO)</A></H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html"><P>Anthem Blue Cross and Blue Shield in Maine, a subsidiary of WellPoint, the nation's largest insurer, wanted the state to approve an average rate hike of 18.5 percent on its policyholders. Maine rejected the increase and now the insurer is fighting for the hike in court.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html"><div align="center"><img src="http://content6.clipmarks.com/blog_cache/www.huffingtonpost.com/img/F45212A7-1D46-4B3F-804E-62F5870D3B30" alt="Wellpoint" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html"><P>Robert Greenwald's Brave New Films is taking aim at Anthem's rate reach in the latest installment of his <A href="http://sickforprofit.com/">"Sick for Profit"</A> series. The video, posted below, is a slick pitch for pitchfork-style outrage. It notes how much WellPoint pays its CEO (<A href="http://money.cnn.com/galleries/2009/fortune/0904/gallery.fortune500_women_ceos.fortune/2.html">$9.8 million</A>) and how much of its policyholders' premiums it spends on lobbying (<A href="http://209.190.229.100/lobby/clientsum.php?lname=Blue+Cross%2FBlue+Shield">$9,529,747</A>). WellPoint's subsidiary in Maine says it needs the rate increase to guarantee a 3 percent profit margin.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.huffingtonpost.com/2009/10/05/wellpoint-subsidiary-figh_n_309529.html"><div align="center"><embed src="http://www.youtube.com/v/AKXWP2HuxGE&hl=en&fs=1&" height="329" width="400" wmode="opaque" quality="high" allowfullscreen="true" allowscriptaccess="always" type="application/x-shockwave-flash"></embed></div></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/DBE95098-0D7B-4EEB-86A3-79E5F63FA7C1/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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