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Revenge of the Health Insurance companies -- UCAN hit with a 60% health care cost increase

Posted October 28th, 2009 by michael

UCAN News

The health insurers are striking back.   This week, we got news from our payroll/human resources company, Paychex, that it has negotiated new health insurance rates for 2010.    The bad news .... rates are skyrocketing.  The Aetna MCP Core 10 San Diego for which we were paying $374.30 per month per employee was now going to be $595.09 per month.   That amounts to a 60% increase.   And this has nothing to do with UCAN's policies -- Paychex reports that across the board, it has seen all of its clients' health insurance costs skyrocket.  

Paychex wrote me that:  " due to the changing healthcare environment, increased utilization of health benefits, and the state of the economy, health insurance renewals have taken a hefty increase for 2010"  

Paychex's explanation is bureaucratic speak for "the health insurers' are wreaking revenge on its customers".  Its a big company that negotiates on behalf of tens of thousands of businesses.   Remarkable stuff.   We'll let you know how our search for alternatives plays out.

Filed Under
Money & Privacy Insurance -
Tags: health care - health insurance - increase - medical - rate increase - retribution - health care reform -

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Family finance. Cheap Health Insurance?

On October 31st, 2009 Chet Scott (not verified) says:

wow, there does not seem to be much logic in the decision to hike up premiums given that there seems

To be a big push in Washington to put them out of business with the threat of a  "public option"  or other federally subsidized

competitors.  If anything, you'd figure that they would want to reduce their prices.  One easy way for larger companies to

save money on insurance is to self-insure their staff and just outsource the catostrophic bills to re-insurance company.

We noted that some private health co-ops are croping up.  Some have been in business for years.  They technically are

not insurance, but they can provide similar payments in a limited form.  However, they don't guarantee the they will have the money

when you need it.

For more money saving strategies from our family owned non-commercial web site, check out http://www.leaptocheap.com

 

 

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