A decade bolder finance and other games plays a hidden role in the crisis of health insurance.
Like many small entrepreneurs, Jan and Phil Fenty of Washington, DC, the Confederation permanently on the costs of health insurance. Holders of Fleet Feet, a course of shoes and clothing franchise, the Fentys pay dearly, and its two full-time employees under the Washington-area Blue Cross / Blue Shield health. Recently, Blue Cross has found that Fleet Feet’s premium would be increased by 28 per cent, bringing the monthly payment to $ 1800.
In short, Fentys was outraged, in the Washington Post, that Blue Cross prices had risen in part because some $ 100 million in losses under different for-profit companies Ventures, not much care. For example, one of its subsidiaries, according to reports from Cape Cod now owns the property and a range of rock-and-roll recording studio on a farm of 145 hectares of New England - the unintended consequence that borrowed 11.1 million $ Student travel agency that the delay.
“It me mad that these projectiles wholesale and wasting our money and our prices are rising higher and higher,” said Jan Fenty.
The Fentys among the vast number of insured health insurance in Germany, May suffered higher prices, less coverage, or termination of unpaid invoices, because the little explored a factor in the crisis National Health Insurance The very nature of 1980’s style Go-Go Investments dubious practices of business relations, expenditure and aid-rich-yourself ethic, where rates of savings and credit have also undermine the industry insurance companies.
Under a patchwork zerfetzte laws of the State and virtually no monitoring of the Confederation, insurance underwriters have lost billions of dollars in investments in high yield, low-grade “junk”, bonds, real estate and other dubious activities. Sporadique cases of fraud losses.
“It was a story well told here,” said Lester Dunlap, a lawyer from Louisiana for consumers, Department of Insurance. “You find in almost every state.”
Until recently, there was little concern about how health insurance is investing his fortune, as it insofar as an effective system for spreading the cost of medical care. But more and more of their budget management is a question of law and order.
“I do not believe that the public get an idea of what might happen, that their health insurance, because some of these problems,” said an aide Congress examines the life / health insurance failures.
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