Iam not sure what is happening everywhere in the nation, but here we have seen one large health insurance company quit the healthcare insurance business and another large healthcare insurance company raise rates by more than 20%.
I have just received my bachelor’s degree in accounting, and I think that the 20% increase will be coming out of the public’s pocket. The healthcare reform law gave the insurance companies four years to raise the rates to compensate for the changes. But ultimately, who is paying for the increase in premiums? Not sure this is the kind of healthcare reform we need.
Carol L. Twedt Accounts receivables analyst