News Headlines Article

What do we need health insurers for anyway?
Los Angeles Times

When the chief executive of gargantuan health insurer WellPoint (parent of Blue Cross of California) went before a congressional subcommittee the other day, she displayed all the smile-through-the-tears pluck of Annie looking to a sunny tomorrow or Scarlett swearing to God she’ll never be hungry again.

WellPoint didn’t really want to jack up health premiums on its customers by as much as 39%, she said — it had no choice. “We care deeply about our California customers,” she said.

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