File Under: The Rich Get Richer
Under the headline “Big companies are awash in cash as economy picks up,” The Los Angeles Times reported (March 24) that although many individuals, small businesses and even states have been devastated by the recession, many of the country’s biggest companies are “loaded with cash, thanks to deep cost-cutting that helped drive unemployment into double […]
WellPoint: Profit at the Expense of Consumers
Under the headline “Lawmakers accuse WellPoint, parent company of Anthem Blue Cross, of profiteering” in the Thursday, Feb. 25 Los Angeles Times, Richard Simon and Duke Helfand report that “Congressional Democrats on Wednesday accused the parent company of Anthem Blue Cross of putting profits ahead of policyholders, saying the giant insurer padded its proposed rates […]
More About Anthem Blue Cross Greed
Earlier this month we wrote a post about the despicable actions of Anthem Blue Cross in raising their rates for health coverage. See Healthcare Costs on the Rise. Why? The Los Angeles Times has been vigilant in their coverage of the healthcare giant, and two articles in the Feb. 23 Business Section hit the nail […]
Healthcare Costs on the Rise. Why?
OK, everyone leery of government intervention in our health care system. Take a look at what the L.A. Times reported today under the headline: Anthem Blue Cross dramatically raising rates for Californians with individual health policies. Policyholders are incensed over rate hikes of as much as 39%, which they say come on top of similar […]
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