Tuesday, March 16, 2010

The costs of Health Care in Mass

Any wonder why it costs so much more money this year than last for your health care coverage? Some insurers have increased co pays and increased rates, while spending millions in lobbying and high salaries. Well today we learn the newly appointed CEO of Blue Cross resigned today, after only weeks on the job. BC has lost 149 million dollars and lost 89,000 subscribers. I'm sure some of you will remember the days when BC was the high end insurer and if the company you worked for had BC, you were golden. No word on why the CEO has left.

Today we learn that AG Coakley is investigating why some doctors and hospitals are paid dramatically more for the same procedures and services, as much as three times more. This investigation is to try and figure out why health care cost in our state are rising so fast. I hope AG Coakley will get some straight answers and in the end, perhaps we will understand how the system is not equal for all and is rigged to benefit just a few in the health care arena.

And today we heard from Cahill, if the US adopts the very same system of health care for all in this state, the country will go broke. I couldn't agree more and on a local level, Framingham, if approved, we start spending millions every year, over and above what is paid now, to insure health care and retirement funds will keep up with demand. Look for this to be banged around at Town Meeting.

4 Comments:

At March 17, 2010 at 11:16 AM , Blogger Derek said...

This blog says that health care costs have gone way up, but companies providing health care insureance, like Blue Cross Blue Shield, are losing millions. Something seems off here. Have not caught you being wrong yet, but would be interested in how you can explain that little discrepancy.

 
At March 17, 2010 at 3:31 PM , Anonymous Anonymous said...

Stop paying for health care for the illegals and you won't have this issue. Simple fix if you ask me.

 
At March 17, 2010 at 4:29 PM , Blogger Framingham resident said...

One appendix bursting, one car accident, one kid falling and breaking his arm, that is all it would take for me to be in debt over my head for the next 10 yrs. I lost my job 14 months ago. My wife has been able to find part time work, but not with benefits, and my unemployment does not give us enough money to cover Cobra or even one of the MA health plan options. We had to choose between feeding our kids, or having health insurance. I lay awake nights worrying about what would happen if one of us got sick. So this great plan for the state of MA seems to not be working for the state since it costs more than we can afford, does not work for the insurance companies since they are losing money and customers, and does not work for the unemployed since we can not afford the options available to us. So who exactly is that working for?

 
At March 18, 2010 at 11:32 AM , Blogger Jim Pillsbury said...

Derek,

Mass is spending more to insure those who are mandated to have insurance. That money to insure comes from the State and appears to be climbing. One major reason for the drop in enrollment is that almost 1 million in this state have lost their jobs, thus lost company provided insurance.

One thing is for sure, CEO's are still be paid huge sums of money even as their business declines. The huge increase in premiums will cause more companies to drop insurance, thus forcing hard choices for people to maintain insurance.

The medical miracle here in Mass is bankrupting the State and without huge subsidies, it would not be working.

FR is not alone in this. Many of us are forced to pay for the necessities and not health care. And in a few months from now we will learn how many people paid a fine for not having insurance.

 

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