Huge IBC rate increases show need for public health insurance plan
Independence Blue Cross (IBC) has filed for a rate increase of up to 52% for the three insurance programs it offers to individuals in what the industry calls the “non-group market.” These shocking increases point to the urgency of creating a public health insurance plan to compete with private insurance. Senator Specter is inching toward support of such a plan. Click here to call him in support of a public health insurance plan. Lance Haver and I did a press conference about these rate increases yesterday. You can see an excerpt at http://tinyurl.com/obr7ns. Continue reading