Might this be the future of the health care industry:
The Obama administration called on Anthem Blue Cross on Monday to justify its controversial new rate hikes of as much as 39% for individual policyholders, saying the increases were alarming at a time when subscribers are facing skyrocketing healthcare costs. (see full article here)
My folks could not afford to keep me on their insurance plan once I left for school, thus the inevitable happened while in college: I tore my knee up which required roughly around $100,000 in reconstructive surgery and rehab. I am still paying for this and I am upper middle class. Think about those folks that cannot afford to deal with insurance hikes that by far exceed the rate of inflation? I wish you well Mr. president.