Speak Out: Oops: Health insurer nixes big premium hike, cites bad math

Posted by almighty on Mon, May 3, 2010, at 8:54 AM:

http://www.usatoday.com/money/industries/insurance/2010-04-29-anthem-blue-cross-...

This makes me feel a lot better about the big wigs running health insurance companies. Now tell me they aren't crooked. Bad math my...

Replies (4)

  • And that great opportunist of all time Obama had chimed in about how awful the out of control health costs were becoming.

    If an insurance company can make a mistake in math, what can possibly lead you to believe the federal government won't make an even bigger mistake, particularly with the present crowd in power?

    -- Posted by voyager on Mon, May 3, 2010, at 9:35 AM
  • You would think that the 39% number would have grabbed the attention of someone at Anthem, or they just decided to submit anyway to see if they could pull it off or to make a 15% increase seem a little less outrageous.

    Nice to know that the people who handle my health insurance double-check their work before they submit it ; you're not in 3rd grade anymore.

    -- Posted by almighty on Mon, May 3, 2010, at 1:39 PM
  • And isn't it wonderful to be so trusting of government who caught the "mistake."

    You know, never let a good math error go to waste.

    -- Posted by voyager on Mon, May 3, 2010, at 1:45 PM
  • Came across this article last week, kinda goes along with the fuzzy math theme.

    http://www.cnn.com/2010/HEALTH/04/26/cheaper.surgery/index.html

    In short, guy was told he needed surgery and got estimates from a couple different surgeons the cheapest of which was $33,000. Family members from the UK encouraged him to travel there where he could have the surgery done by a private hospital for $2,930. With airfare the total came to about $3700. Savings of approximately $30,000. Nice.

    -- Posted by DADES on Mon, May 3, 2010, at 3:27 PM

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