Anthem Delays Insurance Price Hike, Sebelius Says Not Enough

Armen Hareyan's picture
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The secretary of Health and Human Services Kathleen Sebelius released a statement this evening in regad to Anthem Blue Cross of California's decision to delay the huge price increase of health insurance premiums. Few days ago Anthem said the prices of health insurance will go up nearly 39 percent in California.

Now Anthem Blue Cross of California bows under public pressure and delays health insurance premium hike, however the Secretary of Health and Human Services Kathleen Sebelius says this is not what we need, but a real health care reform to make it affordable for all. Here is what secretary Sebelius released.

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"While a two month delay offers some temporary relief, what California families need is long-term health insurance security, so that they don’t face sharply higher prices or fewer benefits. This rate increase underscores the urgency of passing real health insurance reform."

Anthem had raised the prices of health insurance coverage in California last year as well. It had then notified its customers to expect another price increase this year. However, in the light of the current economic difficulties the rise of the health insurance prices of 39 percent was met by massive public and government displeasure.

In 2009 the health insurance industry made huge profits. While many individuals, small businesses and families struggle finding affordable health insurance, this lucrative industry made $12.2 billion in 2009 in profits. Indeed the time has come to make it easier for others to enter this industry and create decent competition to stabilize the prices. Once the government ends the the regulations that helps monopolizing health insurance industry the coverage will become more affordable for all Americans.

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