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Blue Cross Raises Premiums At Time Of Record Profit

February 12th, 2010

Blue Cross has decided to raise premiums by as much as 39% even though they recently set record profit levels up to $4.7 billion dollars last year. In addition, the insurer has refused to provide reason for the huge increase in premiums.

As a result, Congress and state insurance regulators are planning to investigate the increase in premiums.

As a result, many Americans will be forced to cut back on coverage or forgo health care altogether.



Category: Current events
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