Washington (CNN) — Health insurance premiums have skyrocketed in recent years and a new government report says the increases are likely to continue, underscoring the need for reform.
In releasing the report Thursday, Health and Human Services Secretary Kathleen Sebelius pointed to the recent announcement by Anthem Blue Cross of California that it plans to raise individual insurance premiums up to 39 percent — a move that could affect nearly 800,000 customers — as an example of excess.
In a speech Thursday, President Barack Obama referred to California’s pending rate hikes. “It’s not just happening there,” he said. “It’s happening in Kansas, it’s happening in Missouri, it’s happening in Maine. You name it, across the country, it’s happening.”
According to the report, titled “Insurance Companies Prosper, Families Suffer: Our Broken Health Insurance System,” Anthem is not the only company raising rates.
“Over the last year,” Sebelius said, “America’s largest insurance companies have requested premium increases of 56 percent in Michigan, 24 percent in Connecticut, 23 percent in Maine, 20 percent in Oregon, and 16 percent in Rhode Island, to name just a few states.
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