Anthem Blue Shield has been in the news a lot lately. Almost none of it good because they have decided that they need to raise their rates on their individual insurance policies. The rates, by the way for individuals, are going up about 39% according to the reports I've been reading.
Today, it was confirmed that for small businesses, the rates are going up at an even higher rate. In some cases, a whopping 76%.
Anthem Blue Shield's press flack tried to justify the rate hikes in a statement where he said,
"We lose membership because fewer people can afford to get it,... It does not help us. We only do it to be able to collect enough money to pay out."