California's Anthem Blue Cross would raise
insurance premiums by a startling 39%, analysts considered its impact on
consumers.
At Fox Business Channel, the hosts appeared
to be solely concerned that it could boost support for health care reform.
On Monday Brad Fluegel, Vice President of
Blue Cross's parent company Wellpoint, Inc., appeared on Fox with hosts Stu
Varney and Charles Payne to discuss his subsidiary company's recent moves.
Fluegel downplayed the company's $2.7
billion profit in the final quarter of 2009 and insisted the premium jumps were
in accordance with rising medical costs. He also lamented the "highly
politicized debate" nationally on health care.
White House Health and Human Services
Secretary Kathleen Sebelius pointed out that Blue Cross's rate increase is 15 times that of
inflation.
The health care advocacy group HCAN
alleged in a report this month that such rate hikes are designed to boost
the profits of insurers rather than pay medical expenses.
The House Committee on Energy and Commerce
chairman Rep. Henry Waxman called Blue
Cross's decision "deeply troubling" and demanded to "know what
possible justification there could be for increases of this magnitude."
Neither Fox host asked Fluegel about the
forthcoming increased costs to consumers. They appeared more concerned that it
could boost enthusiasm for insurance reform.
"You handed the politicians red meat
at a time when health care is being discussed," Varney said. "You gave
it to them... You couldn’t see this coming? I mean really, you couldn’t see
this coming?"
Anthem Blue Cross spent nearly $9.5
million lobbying against health reforms; the annual salary for Anthem’s CEO
tops $10 million.
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